Daily Derivative Report - 30th March 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices witnessed a significant volatility in the last week, declining for the fifth consecutive week. Nifty index began the week with the sharp gap-down opening, however it rebound from the 22500 zone. The recovery was short-lived as it faced strong rejection near the 23,500 mark and settled below the 23000 mark with the weekly losses of 1.28%. On last Friday derivative data shows, fresh call writing at the 23,000 strike, along with put unwinding, suggesting an immediate resistance zone. Sustained trading below this level is likely to keep the bearish bias intact, with potential downside towards 22,500 and further to the 22,000 mark.
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