I have created Artharjan INDIA VIX v/s Nifty Volatility Dashboard to forecast the Annual, Quarterly, Monthly, Weekly, Daily and Hourly Volatility of NIFTY Benchmark Index based on current value of INDIA VIX. This will help Index Options Sellers to decide the range of Nifty for the given period based on current level of volatility indicated by INDIA VIX.
Options Sellers may make use of the Min Range and Max Range values for the Strike Price Selection.
Updated VIX and NIFTY Background Color based on previous day values - Green if Today's Value is Greater than Previous Day Value & Red if Today's Value is Less than or equal to Previous Day Value
Note di rilascio
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Updated the Yearly Min and Max Range of Nifty returns based on current value of India Vix
sir if possible can you please give some more description about this indicator....im a option seller and looking at it i found it very useful as we option sellers require a range to take decisions regarding which strike price to sell can you please give a more detailed description like what time of the day we should look at this data and select the strike prices and also what is the percentage accuracy that you have got using this?
rsdesai005
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@sameehankulkarni6304, India VIX is a volatility index of Nifty. It indicates how much Nifty may move in the given period of time. So for example if India VIX is at lets say 20 then it means Nifty would move + or - 20% during next one year. So accordingly we can find out how it may move within next one Quarter, Next one month, Next week and so on.. this will help the traders to short Out of Money Call and Put Options of the desired period and make money out of it, since the range can be roughly predicated based on India Vix.
For Example of Nifty is currently trading at 18000 and India VIX is at 20, then it would mean Nifty would move upto 21600 on the upside and 14400 on the downside within next one year. So one may short 21600 Call Option and 14400 Put Option of the Expiry date which 1 year from current date and make money by selling options. This can be a passive income generation trade. I hope this would help.
navneetgill693
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What is 375/60 in hourly?
rsdesai005
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@navneetgill693, The daily trading session starts at 9:15 and ends at 3:30 which means it is a time of 6 hours 15 min = 6 * 60 + 15 = 375 minutes Hence to get hourly VIX levels we need to divide 375 / 60 to get the Hourly range. Hope this clears the concept.
bangerhs
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Kindly also add an option of 365 days in addition to 252 days for calculating the daily volatility. Thanks & Regards
rsdesai005
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@bangerhs, Hi.. when we refer to 365 calendar days there actually 252 trading days because we need to exclude weekends and public holidays when the market is closed. Hence 1 day of volatility is calculated using 252 days in one year instead of 365 days. Hope I could resolve your query . Regards Rahul Desai@Artharjan
can you please give a more detailed description like what time of the day we should look at this data and select the strike prices and also what is the percentage accuracy that you have got using this?