Daily Derivative Report - 4th November 2026 by Religare Broking Ltd
Market Outlook
The Indian market continues its positive momentum for the fourth consecutive trading session, where the benchmark Nifty50 index recorded gains of more than 1.5% and inched higher towards the crucial 24,000 resistance zone. On the derivatives front, the next weekly expiry OI data indicates fresh Put writing at the 23,500 and 23,600 strikes, suggesting that earlier hurdle zones have shifted into immediate support zones. On the upside, significant Call OI remains placed at the 24,000 strike, indicating a formidable hurdle that could restrict further upside and trigger some consolidation. Overall, the near-term bias remains cautiously positive, favoring a buy-on-dips approach.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
.jpg)