The India VIX ended at 16.25 - Religare Broking Ltd

Market Outlook
Nifty 50 ended the monthly expiry on a sideways note at 24246 as expected due to significant reduction in OI for ATM Call and Put options. The India VIX ended at 16.25. The Advance-Decline Ratio is 0.85, indicating Bearish trend. Derivatives data suggests Sideways to negative sentiments in the market for the next expiry as there is significant increase in ATM Call options while Put options observed a stable OI, potentially signalling a weakening trend or market consolidation.
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