Daily Derivative Report - 8th September 2026 by Religare Broking Ltd
Market Outlook
The key benchmark Nifty50 index started the week on a negative note and witnessed sustained selling pressure throughout the day. On the technical front, the index decisively breached the 23,800 zone and settled at 23,779, registering a decline of nearly half a percent. On the derivatives front, fresh call writing emerged at the 23,800 and 23,900 strikes, accompanied by put unwinding, indicating an immediate upside hurdle. On the downside, the absence of significant put writing suggests limited downside support on the immediate basis. However, substantial Put OI at the 23,500 strike may act as a crucial support zone, where some buying interest and a breather session could emerge.
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