NIFTY Weekly Forecast 14-18 November 2022
Currently the implied volatility for this asset is around 2%, down from 2.1% of last week.
From volatility percentile, point of view, we are currently on 0th from ATR and 10th from INDIA VIX index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
1.88% for bullish
1.54% for bearish
With the current IV, we can expect with a 75.6% probability that the market is not going to close either above or below the next channel:
TOP: 18750
BOT: 18010
Lastly, based on previous calculations, we have:
79% to hit the previous weekly high of 18350
26% to hit the previous weekly low of 17975
Currently the implied volatility for this asset is around 2%, down from 2.1% of last week.
From volatility percentile, point of view, we are currently on 0th from ATR and 10th from INDIA VIX index.
With this volatility percentile values into account we can expected on average that the weekly candle is going to be:
1.88% for bullish
1.54% for bearish
With the current IV, we can expect with a 75.6% probability that the market is not going to close either above or below the next channel:
TOP: 18750
BOT: 18010
Lastly, based on previous calculations, we have:
79% to hit the previous weekly high of 18350
26% to hit the previous weekly low of 17975
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Trader Psychology Profile – thelumenism.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.