The Advance-Decline Ratio is 1.50, indicating a bullish trend - Religare Broking Ltd

Market Outlook
Nifty 50 closed at 23332 with some reduction in its open interest. The India VIX ended at 13.72. The Advance-Decline Ratio is 1.50, indicating a bullish trend. Derivatives data suggests Sideways to Negative sentiments in the market for current expiry, and likely to close below 23500 as we witness significant OI at this strike.
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