What is india vix?

What is INDIA VIX ? How does it effect Indian market ? How is it used for technical analysis ? Is there any way to trade Nifty with help of INDIA VIX?

You can learn about India VIX here.

In simple terms
If a stock of Rs 100 moment is Rs 2 daily. which means it move up or down 2 Rs max.

Suddenly because of some event if the stock Jumped to 10 Rs higher or 10 Rs Lower in one day then the Volatility is said to be increased.

Here VIX is the INDEX of all the volatility in the market.

If the VIX is high then Nifty or Bank nifty moves easily 3% or 4 % daily.

If VIX is low then Nifty and Bank nifty may move 1% or 2% daily.

Nice answers

@Laxman_lucky please dont give wrong info on vix

@Adityadd. Vix is based on open interest of options and not price of scrips or index

India VIX is a volatility index based on the index option prices of Nifty. It is computed by using the best bid and ask quotes of the out of the money, present and near month Nifty option contracts. VIX is designed to indicate investors’ perception of the annual market volatility over the next 30 calendar days, higher the India VIX, higher the expected volatility and vice-versa.