Daily Derivative Report 14th May 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices witnessed a breather session amid the prevailing cautious sentiment in the market. The Nifty50 index faced rejection near the 23,550-23,600 zones, a range that had previously acted as the support area. Sustained trading below this zone continues to reinforce the negative bias, with the possibility of the index retesting the 23,150 mark. On the derivatives front, fresh call writing was observed at the 23,500 and 23,600 strikes, indicating immediate resistance levels for the index. Meanwhile, fresh put writing at the 23,300 strike suggests initial support; however, any decisive break below this level could strengthen selling pressure and potentially drag the index towards the 23,000 zone.
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