India's Nifty 50 may rebound; sustainability is crucial

India's VIX has dropped to its lowest level this year, suggesting a potential rebound for the Nifty 50 index. However, experts caution that a significant rally is unlikely unless the index closes above the 22,650-22,700 range. Market participants will be closely monitoring the index's performance in the upcoming session. A decisive close above the mentioned levels is seen as crucial for sustained upward movement. Overall, the market's direction remains uncertain, with the focus on whether the Nifty 50 can maintain momentum.