Nifty Logs Largest Daily Range Today

Today, the high low range of Nifty was 235 points - the largest in this year. Things are getting real hot now and intraday trading will need bigger stops. The 20 day ATR is now at 111 - so that is about 2% of today's close 5302. To give you a comparison, the 20 day ATR was around 50 at the start of this year. That shows that the volatility has doubled now. Below is the ATR plot.

Posted in: Indian Market Tips