Daily Derivative Report - 27th October 2026 by Religare Broking Ltd
Market Outlook
The Indian market started the week on a positive note, with the benchmark Nifty50 index witnessing range-bound trading while remaining resilient near its prolonged 200-WEMA support zone. On the upside, the immediate hurdle remained intact near the 20-DEMA zone around 22,800. From a technical perspective, a sustained move above this short-term moving average would be crucial to trigger an extended recovery in the near term; otherwise, the index could continue to consolidate within its prevailing range. On the derivatives front, significant Call OI is placed at the 22,800 and 23,000 strikes, indicating an immediate overhead resistance zone.
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