The Nifty 50 closed the day at 24888 mark, after trading on a negative note on weekly expiry day - Religare Broking Ltd

Market Outlook
The Nifty 50 closed the day at 24888 mark, after trading on a negative note on weekly expiry day. The India VIX ended at 14.01. The Advance-Decline Ratio is 0.16, indicating bearish trend. On Derivatives front lower strikes has witnessed reduce in OI while higher strikes above 25000 faced increasing OI which indicates pressure from higher levels. With sudden decline in PCR & falling spot price in Nifty it is clear that call writers has significantly increased.
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