The India VIX settled at 11.39, signaling low volatility - Religare Broking Ltd

Market Outlook
Nifty 50 closed the week at 24,968, falling below the key support level of 25,000. Market sentiment remains neutral to negative, as shown by an advance-decline ratio of 0.42, indicating strong selling pressure. The India VIX settled at 11.39, signaling low volatility. For the 24 July expiry, significant Call OI build-up is seen at 25,200 and 25,100, highlighting a resistance zone, while on the downside, the highest Put OI stood at 24,900 followed by 24,500, suggesting an immediate support zone. The Put-Call Ratio stands at 0.60, indicating more call trading activity than put options.
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