According the VIX (01/10/2021 close was 17.21 which is calculated to 2.39 as weekly volatility) analysis of Nifty, it may trade between 17951 and 17113 in this current week. Decision should be taken wisely with the help of other indicators and tools.
Disclaimer: It is just a personal view.
Disclaimer: It is just a personal view.
Comment:
VIX Analysis: On the basis of closing of last week, for the current week Nifty prediction was upside 17951 and the down side 17113. Today on the last day of the week Nifty successfully scaled the upside and made a high of 17941.5. Just click on the 'Load new bars' button and see the result. We missed it just by 9.5 points. Volatility index does not predict the trend, only the probable upside and downside of the next time frame, monthly for monthly move and weekly for weekly move. This update is written at 10:53 a.m. (8/10/21).
Trade closed: target reached:
Next VIX analysis and prediction will be published after the currently weekly closing.