[Nitin Bhatia]

I found -0.45 Value on 5 Days data against Vix it means the correlation is very week as per your video. Nifty Implied Volatility Shows strong negative -0.98 on Weekly data My conclusion is Market will go down. is it correctly I learn. Normally I don’t see India Vix, is this correct approach.

[Nitin Bhatia]

Yes it indicates that. But further analysis is needed (360 degree)to come to a conclusion.This is going to be news based week from Monday due to election fervor.We have to keep watch on option chain analysis.Parameters like premium decay, volume,change in OI, buying/selling by smart money will assume very important role.

[Nitin Bhatia]

Sir One Unusual Observation in Bank Nifty Option change 29100 Put having a sudden hike of 257 rupee Premium increased. along with OI increased it means call writers are eating premium is that correct?

[Nitin Bhatia]

Kindly correct me if my understanding on the subject is otherwise. I want yo learn further.

[Nitin Bhatia]

As per my learning Long build up in 29100 put You can see write now Premium decay in Put side. but if you take contra view and calculate premium decay call side its doubled. means the market will fall to eat decent premium. if you think I need to learn further please let me know. if I call writer I write call at a higher premium.

[Nitin Bhatia]

Please help on how to calculate correlation between Call side IV, Put Side IV. I am little confused, I have seen the video multiple time but still not sure.
1) =correl(call side IVs, Put side IV’s) or
2) =correl(call side IV’s, Nifty closing prices) vice versa for put side

[Nitin Bhatia]

Yesterday Day end Volume Candle is Negative (red) and there is a very low delivery percentage on Nifty and Bank Nifty. Also observed There is less premium decay in Put options. Correlation is also Strong negative and there is a weak co-relation between Vix and Index. my learning is In current week market is in Bearish sentiment with Cautious Approach Not seen much volume despite high premium ( this time it’s new learning for me) suggest me if I am wrong in any of above observation.

[Nitin Bhatia]

You have to check correlation on both sides Call and Put. If call side is +ve then Put side should be -ve. I explained in detail in my correlation coefficient video. Kindly watch the same.

You may ignore correlation with India VIX as it is weak between -0.5 and +0.5

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