Daily Derivative Report - 9th September 2026 by Religare Broking Ltd
Market Outlook
The Indian market continued to witness broad-based weakness on the weekly expiry day, with the key benchmark Nifty50 declining 0.61% and settling near the 23,600 zone, which coincides with the July month low. On the technical front, a decisive break below this recent swing low could intensify the ongoing correction phase and open the downside towards the immediate support zones of 23,500-23,300. On the derivatives front, the next weekly expiry data also indicates fresh call writing at the 23,700 and 23,800 strikes, suggesting a downward shift in the immediate resistance zone. Overall, the negative bias appears to be strengthening, with weaker global cues and subdued market sentiment likely to keep the selling pressure intact.
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