India VIX dropped over 2% to 10.50, indicating low volatility - Religare Broking

Market Outlook
Nifty 50 closed at 25,219, registering a positive session and closed near the immediate resistance zone. India VIX dropped over 2% to 10.50, indicating low volatility. The Advance-Decline Ratio stood at 3.16, reflecting a bullish market bias. For monthly expiry, 25000 has emerged as the strong support with heavy put OI build up while for upside 25400-25500 is key struggling levels to watch. A sustained move above 25200 can trigger 25400- 25500 hurdles.
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