The India VIX ended at 12.78. The Advance-Decline Ratio is 0.67, indicating negative trend - Religare Broking Ltd

Market Outlook
The Nifty 50 ended the day at 25517 after facing profit booking from 25670 level. The India VIX ended at 12.78. The Advance-Decline Ratio is 0.67, indicating negative trend. On derivatives front, Call OI has increased for higher levels while we witness long unwinding with reduction in Put OI at lower strikes. For now "Buy on Dip" is ideal strategy as for monthly expiry derivatives data indicating positive closing with highest Put OI build up at 25000 strike, where 25500 may be the pivot level.
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