Daily Derivative Report - 28th October 2026 by Religare Broking Ltd
Market Outlook
The key benchmark Nifty50 index witnessed volatile intraday swings on the monthly expiry day but remained range-bound and eventually settled the day with a marginal decline. On the technical front, the index faced selling pressure near its 20-DEMA zone around 22,850, while buying interest emerged near the 22,600 support level. On the derivatives front, the initial OI data for the November series indicated continued call writing at the 22,800 and 23,000 strikes, reinforcing the immediate overhead resistance zone. Meanwhile, on the downside, fresh put writing was also witnessed at the 22,600 strike, which highlighted a crucial support level.
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