Traders are currently questioning if the market has hit its lowest point.

Analysts are studying the India VIX, also known as the Risk Index, to identify potential relief points in the market. The India VIX is an important indicator as it reflects traders' expectations and sentiment regarding market volatility. It serves as a proxy index for the expected volatility in Nifty index options.

During downturns, increased volatility is typically observed, while during uptrends, volatility tends to decrease, indicating a more stable environment. Traders need to understand the dynamics of the India VIX to gauge market sentiment and anticipate potential recovery phases.