Sean Patrick Fallon retweeted

#Nifty #Vix
Formula for deriving the next day range based on today’s VIX :
Next days upper range = todats nifty level + today’s Nifty level x (Vix / 16 )
Next days lower range = todays nifty level - today’s nifty level x (Vix/16 )
This is the simplest approximation.
Eg; Today’s closing nifty 22331
Today’s closing vix 27.88%
Tom’s upper range = 22331 + 22331 x (27.88%/16 ) = 22720
Tons lower range = 22331 - 22331 x (27.88%/16) =21942
This doesn’t mean that actual market will be in this range. It only gives an indicative range based on today’s volatility.
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