The Nifty VIX, also known as the India VIX, is a volatility index based on the Nifty 50 index option prices. 

The Nifty VIX, short for Volatility Index, reflects the expected market volatility for the next 30 days. It is derived from the implied volatility of Nifty 50 index option prices. 

The Nifty VIX is calculated using the bid-ask prices of the out-of-the-money options on the Nifty 50 index. Both calls and puts are considered. 

A higher VIX value indicates higher expected volatility and often corresponds to increased fear or uncertainty among investors. 

The VIX typically has an inverse relationship with the Nifty 50 index. When the Nifty 50 falls, the VIX usually rises, and when the Nifty 50 rises, the VIX tends to fall. 

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.