Daily Derivative Report - 01st 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 at higher levels. From a technical perspective, the index formed a lower-high formation and settled with a decline of 0.39%, indicating a cautious undertone. On the derivatives front, fresh Put writing at the 24,000 strike suggests that the level is likely to act as an immediate and crucial downside support. On the upside, call writing at the 24,200 strike indicates stiff resistance and may cap near-term recovery attempts. Overall, the index is likely to remain in a range-bound trading setup in the near term. However, a decisive breakout on either side could trigger fresh directional momentum and determine the next trend.
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