Daily Derivative Report - 29th October 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed another volatile session amid the ongoing consolidation phase. The benchmark Nifty50 index opened on a negative note and retested the 22,500 zone, where buying interest emerged, driving a recovery towards the 22,800 mark. However, the index failed to sustain at higher levels and eventually settled marginally lower near the 22,700 zone. On the derivatives front, fresh put writing at the 22,500 and 22,600 strikes indicated immediate downside support. Conversely, significant Call OI build-up at the 22,800 and 23,000 strikes highlights an immediate and strong overhead resistance zone, respectively.
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