Nifty 50 closed at 23165 after falling nearly 400 pts from day high - Religare Broking Ltd

Market Outlook
Nifty 50 closed at 23165 after falling nearly 400 pts from day high. The India VIX ended at 13.78. The Advance-Decline Ratio is 0.42, indicating a bearish trend. Derivatives data suggests Sideways to Negative sentiments in the market for first expiry of April, and likely to close below 23500 as we witness significant OI at this strike.
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Market is expected to open on a gap down and likely to witness sideways move during the day ...



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