Dear Raj,
Thanks for the informations which you observed and made a good trading method in options...can you please add VIX fig in your optionanalyse excel file?am dumb in these things thats why am asking ..its help as use only ur excel to see all actions...
Regards
You can plot INDIAVIX like any other stock / index.
As you can see below in the Daily Chart, The support was at 18 (17.7) and it closed below support at 15.7. Saturday candle is missing
in my chart.
As a General Rule, You can also look at FOVOLT of NIFTY and compare it with the Options Volatility. On Friday / Thursday the Options Volatility of OTM Options was around 22/23 and the NIFTY FOVOLT was around 18, which indicated that the Options Volatility was High (So it was not time to Buy)
Hope you know that the INDIAVIX indicates the volatility of the Out of The Money Options Volatility of NIFTY Options (OTM Options).
Note : One can download the FOVOLT.csv from the NSEIndia.com.