Is India vix and volatility both are same …If not what is the difference between them…
No, they are not the same.
Volatility measures the riskiness of a stock or an Index.
India ViX specifically measures the volatility of Nifty. You can use those values to get a sense of the general volatility of the market.
Check this for more details on Volatility - http://zerodha.com/varsity/chapter/understanding-volatility-part-1/
Then what is implied volatility…
which are the best indicators for India VIX ?
India vix is for nifty options . is there any vix for banknifty options ?