Daily Derivative Report - 21st April 2026 by Religare Broking Ltd
Market Outlook
The Nifty 50 index witnessed a volatile session, where 24,300 acting as a key pivot level. On the upside, profit booking emerged near the 24,500 mark, while selective buying in heavyweights supported a steady intraday recovery. On the derivatives front, significant call open interest is concentrated at the 24,500 and 25,000 strikes, indicating a immediate and strong resistance zone. On the downside, the 24100–24000 range is likely to act as a crucial support area. Overall, as long as the index sustains above this support zone, the broader bias remains bullish, with the potential for a retest of the immediate upside resistance levels.
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