Daily Derivative Report - 04th March 2026 by Religare Broking Ltd
Market Outlook
Nifty witnessed a significant gap-down opening, tracking weakness in global markets amid escalating geopolitical tensions. The index retested its recent February low near the 24,600 mark before staging a mild relief rally and eventually settling at 24,865. On the technical front, the index has decisively broken below its 200-DEMA, which is now expected to act as an immediate resistance zone for the near term. From a derivatives perspective, the upcoming weekly expiry data shows fresh call writing at the 25,000 strike, positioning it as a near-term hurdle. As Nifty failed to reclaim this level, further fresh call writing will intensified and it may once again retest the 24,600–24,500 support zone
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