Daily Derivative Report 08th May 2026 by Religare Broking Ltd
Market Outlook
The NIFTY 50 witnessed a subdued trading session despite opening with a positive start. In the first half, profit booking dragged the index towards the 24,300 zone; however, buying at lower levels helped the index recover towards 24,500 during the latter half of the session. Eventually, the index settled on a flat note, indicating a lack of strong directional momentum. On the derivatives front, fresh call writing was observed at the 24,400 and 24,500 strikes, suggesting immediate resistance zones, while put writing at the 24,300 strike indicates a near-term support base and range-bound undertone in the market.
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