HOW DO YOU FIND THE RANGE OF NIFTY MONTHLY INDEX MOVEMENT FOR OPTIONS TRADING ?

 Following are different ways of finding the range of nifty monthly index movement for option trading and a combination of all methods together to reach to a conclusion works.

• VIX Volatility method (spot price * (vix + 100)) * square root (number days to expiry +( 365- number of holidays))

• AverageTrue Range method ATR indicator value on your monthly technical chart of the index

• Chart Support/Resistance method Use any of the methods for finding support and resistance from technical chart on the index like trendiness /pivots/price action etc

• Open Interest method . Find which strike prices where the maximum put and call writing for the index options for the monthly expiry
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