Nifty 50 closed at 23591 after taking support from 23400- 23450 zone - Religare Broking Ltd

Market Outlook
Nifty 50 closed at 23591 after taking support from 23400- 23450 zone. The India VIX ended at 13.30. The AdvanceDecline Ratio is 2.84, indicating a Bullish trend. Derivatives data suggests Sideways sentiments in the market for first expiry of April, and likely to close within 400 pts as we witness reduction in ATM Call and Put options OI aimed tariffs update due on 2nd April.
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Post Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking


