The Fear Index made an extreme low 10.24 last week.

A lower volatility means that a security’s value does
not fluctuate dramatically, but changes in value
at a steady pace over a period of time.


VIX' level of below 15 is seen as stability to the
market, while a figure above 15 indicates high volatility.
The NSE site says 20 is the safe range, but nifty' was rarely stayed in that level.