NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022

NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 2.21% , down from expected 2.23% last week.
According to ATR calculation, currently the volatility is located around 3th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 1.609% from the opening point of the weekly candle
BULL : 1.909% from the opening point of the weekly candle

At the same time, currently there is 33.9% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 18309
BOT: 17510

Lastly, taking into account the previous weekly high and low there is a :
75% chance that we are going to touch the previous week high
25% chance that we are going to touch the previous week low