Daily Derivative Report 5th May 2026 by Religare Broking Ltd
Market Outlook
The Indian benchmark indices opened on a positive note and edged higher in early trade, with the Nifty gradually approaching the 24,300 mark. However, the index failed to sustain at elevated levels, faced profit booking, and eventually settled at 24,119. From a technical standpoint, the market continues to reflect a sideways undertone, as the index is trading between its 20-DEMA and 50-DEMA, indicating a lack of clear directional bias. On the derivatives front, fresh call writing at the 24,200 and 24,300 strikes suggests immediate resistance zones. Meanwhile, notable put writing at the 24,000 strike indicates a near-term support level
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