How to predict today's Nifty range using yesterday's range?

Trading
1

Hello Experts,

Is there any way to predict today’s Nifty range using yesterday’s Nifty range ?
Please help.

Thanks

2

Yes there is a short formula …

at fast check the india vix after closing of indian market … i say 14.5 (expected) , now you have to square root 365, that will be 19.105 ( rough figure )

Now divide the india vix with 19.105 =(14.5/19.105) = 0.75%

Now after closing of the india market, say nifty close at 23500

So tomorrow nifty can go 0.75% up or down

so do these, 23500+0.75% = 23676.25 ( Supply/Resistance Zone )
and, 23500-0.75% = 23323.75 ( Demand/Support Zone )

There is 90% chance that nifty will stay here .

Although do your study… dont just believe in just one indicator…

I try my best to understand these formula … if you didnt understand anypoint, forgive me as your small brother and ask me again … i will help you out

Thanks For Reading . :grinning:

3

Thanks @Jeesu but I have already gone through what you said in varsity. You are taking the yesterday’s closing price or today’s opening price into consideration. But I need to calculate today’s range using yesterday’'s range instead of closing price. Suppose yesterday’s range was 200 points. How to predict today’s range using this 200. I hope everyone here understands my query. Thanks.

4

sorry, but what type of range… 23676.25-23323.75 = 352 Point … These is the range nah … I Apologize, but i cannot understand your query :no_mouth: