NIFTY Volatility Analysis 21-25 Nov 2022

21 Nov 2022

NIFTY Volatility Analysis 21-25 Nov 2022

We can see that currently the implied volatility for this week is around 2%, according to INDIA VIX data
(INDIA Volatility Index )

With this in mind, currently from ATR point of view we are located in the 11th percentile, while according to INDIA VIX, we are on 2th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.89% movement
Bearish: 1.5% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 21.1% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18610
BOT: 17882

Taking into consideration the previous weekly high/low, currently for this candle there is :
66% probability we are going to touch previous low of 18220(already hit)
31% probability we are going to touch previous high of 18460


Lastly, from the technical analysis point of view, currently 80% of the weekly moving averages are in a bullish trend, and
a combination of moving averages and oscillators are in 31% bullish stance