NIFTY Weekly Forecast 10-14 October 2022

10 окт. 2022 г.

NIFTY Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 2.61% for this week, falling from the 2.75% from the last week.
Currently there is around 24.5% that the asset is going to close either above or below the channel:
TOP 17540
BOT 16550

The current volatility percentile is around 50th, placing us in average risky environment. With this situations in general the market moves:
AVG weekly bull candle = 2.03%
AVG weekly bear candle = 1.61%


At the same time, there is currently a 78% that we will touch the high of previous weekly candle of 17445
and there is a 22% that we will touch the low of the previous week of 16862


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 66% agreement that the market is in a BULLISH trend ( the current price is above those moving averages)