NIFTY movements - Volatility analysis December 2021

December 9th 2021
Nifty resistance = 17600
support = 16700
expecting volatility of 2.7% Up/down
VIX = 20 --> Market movements = IV/7.22 = +/2.7%

December 30
Nifty resistance = 18200 ~ 5.7% topside
Support = 16200 ~ 5.7% downside
Expecting volatility of 5.75% up/down
VIX = 20 --> Market movements = IV/3.5 = +/-5.7%

Trade active:

December 3 :VIX = 18.45(+2%)
My Nifty volatility analysis is still intact
Index running between the weekly range... All thanks to FII selling !! Happy weekend