Currently, the Nifty is trading at 15763 with the All-time High at 15962.
Now, how far up or down can it go?
If all the 50 stocks in the Nifty trade at their recent highs simultaneously, then the Nifty would be at 17367, which is almost 10% higher than the current levels.
On the flip side, if there is a crash and if all the Nifty 50 stocks go back to their recent lows, where will the Nifty be? Any guesses?
This is a useful tool for option sellers to identify a broad range of the market along with India VIX.
The calculations have been made based on the Free Float Market capitalization.