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Below the Quote On Post market comment by Mandar Bhojane, Research Analyst, Choice Broking

The market ended the session on a subdued note, with the Nifty closing 5.80 points lower at 22,547.55 after a day of lackluster movement. The Sensex, however, managed to gain 147.71 points, or 0.20 percent, to settle at 74,602.12. Despite initial weakness, the indices remained range-bound throughout the session, failing to gain significant momentum. The overall sentiment remained cautious, with traders refraining from aggressive bets. 

India VIX, a measure of market volatility, declined by 5.03 percent to 13.72, reflecting reduced nervousness among participants. A lower VIX often signals stability, but in the current scenario, it also indicates indecisiveness, as the market struggles to find direction.

From a technical standpoint, Nifty is exhibiting a sideways to bearish trend, hovering near crucial support levels. The formation of an inverted hammer candle at the bottom hints at potential exhaustion of selling pressure. However, for a clear reversal, confirmation is required through follow-up buying. A decisive breakdown below 22,550 could accelerate weakness towards 22,400 and 22,200, while a breakout above 22,800 is essential for any meaningful recovery. 

Given the current weak market structure, traders should remain cautious and wait for confirmation through price action and volume before taking fresh directional bets. The overall trend remains fragile, with sellers maintaining control, and any rebound will require strong buying momentum to sustain. Until a decisive move occurs in either direction, it is advisable to adopt a wait-and-watch approach with strict risk management.

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