Daily Derivative Report - 30th April 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices started the sessions on the positive note and moved higher in early trade, with the Nifty gradually advancing towards the 24,300-24,350 zone. However, the index failed to sustain at higher levels, witnessing profit booking, and eventually settled the session at 24,177. From a technical perspective, the market continues to exhibit a cautious undertone as the index remains below its key 50-DEMA, indicating a lack of strong bullish conviction. On the derivatives front, fresh call writing was observed at the 24,300 and 24,500 strikes, highlighting immediate resistance levels. On the downside, notable put writing at the 24,000 strike suggests a near-term support zone
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