The India VIX ended at 13.47. The AdvanceDecline Ratio is 0.22, indicating a Bearish trend - Religare Broking Ltd

Market Outlook
Nifty 50 closed below 23500 after facing resistance from 23800 level with fall in its OI by 6.5% which suggests long unwinding. The India VIX ended at 13.47. The AdvanceDecline Ratio is 0.22, indicating a Bearish trend. Derivatives data suggests Sideways to Positive sentiments in the market for monthly expiry, and likely to close within 200pts as we witness reduction in ATM Call and Put options OI.
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