NIFTY Weekly Forecast 14-18 November 2022

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