IndiaVIX but for next day volatility prediction?

[Aredith]

So I’ve gotten good at predicting market direction, but i struggle to select option strike because I don’t know how far the market will go.

I need something to give me an idea of how much movement to expect.

[Pai]

Things to keep in mind as a trader on budget day

[Pai]

Check this post out as well

Budget - Nifty and bank nifty historical data

Nifty [budgetnifty] Banknifty [budgetbnf] Source: Finowings Some observations from past data: We can expect volatility in the range of 1 to 6 % !! on budget data with an average volatility range of 4% on the event date in Bank Nifty We had 8 negative and 8 positive out of 16 times where returns following budget in Bank Nifty Even the week prior to budget, the returns are more or less 50% with 9 times giving negative returns and 7 times positive in Bank Nifty. Interesting point…

[Aredith]

Thank you for the response. I was talking about it in a general timeframe than just budget day however

[Aredith]

hello?

[Meher_Smaran]

One can’t decide which strike price to pick based on VIX alone. It depends on lot of factors like upcoming events (some of which are known and other unknowns)

Here’s what VIX actually indicates

Indian vix calculation

India VIX is a volatility index based on the index option prices of NIFTY and is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts. The index depicts the expected market volatility over the next 30 calendar days expressed in annualized terms. If you are interested to know about the formula and the way it is computed, Check the below links by NSE https://static.nseindia.com//s3fs-public/inline-files/white_paper_IndiaVIX.pdf https://…

The use case of applying VIX for taking a position also depends on whether we are option buyers,sellers or trade with hedges…Are you an option buyer or seller?

[Aredith]

thank you for the response. i buy options