Nifty Voltility amid general election result: Week June3 - June7
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After a sharp selling seen from 23100 YH3 (yearly camarilla 3rd layer resistance), 
NIFTY close the week @ 22530 with -426 pts down -1.86%, until it trade above 23100 not expecting new high in the current year.
With general election results to be announced on June 4th,it may be a highly voltile week .
With 4 days left to weekly expiry June 6👇::
Expected volatility Range in 1st week of June 2024 amid generl election result:
The calculation is done done based on daily average returns and deviation from it's mean
*1st standard deviation Higher +1.55% 22883
*1st standard deviation Lower -1.03% 22300
*2nd standard deviation Higher +2.84% 23180
*2nd standard deviation Lower -2.31% 22015
*3rd standard deviation Higher +4.13% 23481
*3rd standard deviation Lower -3.60% 21733
Line plotted are weekly pivots with monthly pivots of June 24,Will be looking for opportunity in live market based on price action forming near the plotted lines.
NIFTY close the week @ 22530 with -426 pts down -1.86%, until it trade above 23100 not expecting new high in the current year.With general election results to be announced on June 4th,it may be a highly voltile week .
With 4 days left to weekly expiry June 6👇::
Expected volatility Range in 1st week of June 2024 amid generl election result:
The calculation is done done based on daily average returns and deviation from it's mean
*1st standard deviation Higher +1.55% 22883
*1st standard deviation Lower -1.03% 22300
*2nd standard deviation Higher +2.84% 23180
*2nd standard deviation Lower -2.31% 22015
*3rd standard deviation Higher +4.13% 23481
*3rd standard deviation Lower -3.60% 21733
Line plotted are weekly pivots with monthly pivots of June 24,Will be looking for opportunity in live market based on price action forming near the plotted lines.
Not
Was expecting a very voltile week amid election results, the range expected was between 3rd Standard deviation Higher = 23481 and 3rd standard deviation Lower 21733...i.e between 23481 and 21733...On 4th June election results daay 21733 broken down but quickly returned above 21733 and then bullish rally was seen above 21733 for rest of the week..Note::The volatility calculation was based on the weekly close on 31st May already discussed on 3rd June before election result day.
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