Daily Derivative Report 15th May, 2026 by Religare Broking Ltd
Market Outlook
The Indian market traded with a positive bias, extending their rebound for the second consecutive session amid the supportive global cues and selective buying in heavyweight counters helped the Nifty50 index to end the session with gains of more than one percent. From a technical perspective, the Nifty index continues to trade below the key EMA resistance zone of 23900-24000, and sustained trading below this range keeps the cautious undertone intact. On the derivatives front, fresh put writing was observed at the 23500 and 23400 strikes, indicating immediate downside support. Meanwhile, significant call writing at the 24000 strike highlights an immediate upside hurdle.
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