How to trade Bank Nifty options with volatility and beta?

BANKNIFTY Detailed Statistics

BANKNIFTY- Positive Closing

No of times Bank Nifty moved Less than 1% : 53.63%
No of times Bank Nifty moved between 1% and 2% : 26.37%
No of times Bank Nifty moved between 2% and 3% : 11.38%
No of times Bank Nifty moved between 3% and 4% : 4.71%
No of times Bank Nifty moved between 4% and 5% : 1.87%
No of times Bank Nifty moved more than 5% : 2.04%

BANKNIFTY- Negative Closing

No of times Bank Nifty moved Less than -1% : 54.56%
No of times Bank Nifty moved between -1% and -2% : 25.48%
No of times Bank Nifty moved between -2% and -3% : 10.74%
No of times Bank Nifty moved between -3% and -4% : 4.9%
No of times Bank Nifty moved between -4% and -5% : 2.23%
No of times Bank Nifty moved more than -5% : 2.09%

BANKNIFTY- Doji Closing

No of times Bank Nifty moved 0% (Doji) : 0.13%

BANKNIFTY Daily Change Range

Probability that movement will be between -1% to 1% (Low Volatility) : 54% .
Probability that movement will be between -2% to 2% (Medium Volatility) : 26%
Probability that movement will be more than 2% either side (High Volatility) : 20%

BANKNIFTY Monthly Change Range

No of times Bank Nifty moved between 00% and 05% in a month : 24.07% .
No of times Bank Nifty moved between 05% and 10% in a month : 15.28% .
No of times Bank Nifty moved between 10% and 15% in a month : 7.87% .
No of times Bank Nifty moved between 15% and 20% in a month : 4.63% .
No of times Bank Nifty moved more than 20% in a month : 0.46% .
No of times Bank Nifty moved between 00% and -05% in a month : 27.78% .
No of times Bank Nifty moved between -05% and -10% in a month : 9.72% .
No of times Bank Nifty moved between -10% and -15% in a month : 6.48% .
No of times Bank Nifty moved between -15% and -20% in a month : 1.85% .
No of times Bank Nifty moved more than -20% in a month : 1.85% .

BANKNIFTY vs Nifty

No of times Bank Nifty closed Positive and Nifty closed Positive : 44.77% .
No of times Bank Nifty closed Negative and Nifty closed Positive : 8.78% .
No of times Bank Nifty closed Negative and Nifty closed Negative : 38.1% .
No of times Bank Nifty closed Positive and Nifty closed Negative : 7.64% .
No of times Bank Nifty closed Doji 0% and Nifty closed Doji 0% : 0.02% .
No of times Bank Nifty closed Positive and Nifty closed Doji 0% : 0.34% .
No of times Bank Nifty closed Negative and Nifty closed Doji 0% : 0.25% .
No of times Bank Nifty closed Doji 0% and Nifty closed Negative : 0.09% .
No of times Bank Nifty closed Doji 0% and Nifty closed Positive : 0.02% .

BANKNIFTY Options Trading Section

Stock has Low Daily Volatility..
Bank Nifty has Low Monthly Volatility..
Nifty movement has Strong relationship with Bank Nifty movement..

Above information is based on research of last fifteen years data it gives you complete picture as it takes care of two recessions or market meltdown along with the bull markets as well. So the range details of daily as well as monthly does give you an idea about the movement of the index in either direction. Along with that the dependence of Nifty and Bank Nifty also helps you understand relationship between both the indices.

This data can be combined with Bank Nifty performance on a given day or month based on historical data for prediction of movement on that day and month. These two data along with impact of any current events should provide an detailed insight into prediction or at least understand the nature of Index movement.

In case you want to combine support and resistance data using Gann Calculator then you should use the online Bank Nifty Gann calculator to combine above mentioned data with Support and Resistance technical concept based on the calculator to put other layer of check on your understanding.