Daily Derivative Report - 3rd September 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed another session of decline, with the key benchmark Nifty50 index falling 0.59% and settling below the crucial 24,000 mark, reinforcing the prevailing cautious undertone. On the technical front, sustained weakness below 24,000 may keep selling pressure intact, while the 24,000-24,200 zone is likely to act as an immediate upside hurdle. On the derivatives front, fresh Call writing was witnessed at the 23,900 and 24,000 strikes, accompanied by Put unwinding at 24,000, indicating strengthening bearish momentum. On the downside, significant Put OI remain aligned with the 23,600 and 23,500 strikes, suggesting an immediate support zone.
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