Contributing Constituents of Banknifty
Contributing Constituents of Banknifty
HOW Does it work ?
* Banknifty comprises of 12 Banks and each bank have its weightage, these weightage is updated every month by The Exchange.
* The Index Movements will be decided through these individual weightage.
* The Table is formed showing the contribution of each banks to the movement of index.
* Main concept here is that, during anytime of live market, which bank is dragging or leading the Banknifty can be detected, and trend can be followed.
# Table also contains the total points moved after opening of market.
Contributing Constituents of Banknifty comprises of following --
The 12 Banks are added with their latest weightage in index contribution.
User Inputs --
# User can update the weightage every month, through the link
www.niftyindices.com...l-indices/nifty-bank
How to learn the trend ?
# The most moving banks will show their actual contribution in index movement,
this will help following the trend of index.
# The data for the indicator will be very restricted, most of the parts in indicator wont work when the market closes.
# Pre-Opening or Post -Market data is tried to be ignored.
# Utmost Care is taken to implement the suggestions of users and also tried to keep the chart neat and clean.
Disclaimer:
# The indicator to be used for understanding / learning the markets.
# User is responsible for his / her profits / losses, that may occur during the markets.
HOW Does it work ?
* Banknifty comprises of 12 Banks and each bank have its weightage, these weightage is updated every month by The Exchange.
* The Index Movements will be decided through these individual weightage.
* The Table is formed showing the contribution of each banks to the movement of index.
* Main concept here is that, during anytime of live market, which bank is dragging or leading the Banknifty can be detected, and trend can be followed.
# Table also contains the total points moved after opening of market.
Contributing Constituents of Banknifty comprises of following --
The 12 Banks are added with their latest weightage in index contribution.
User Inputs --
# User can update the weightage every month, through the link
www.niftyindices.com...l-indices/nifty-bank
How to learn the trend ?
# The most moving banks will show their actual contribution in index movement,
this will help following the trend of index.
# The data for the indicator will be very restricted, most of the parts in indicator wont work when the market closes.
# Pre-Opening or Post -Market data is tried to be ignored.
# Utmost Care is taken to implement the suggestions of users and also tried to keep the chart neat and clean.
Disclaimer:
# The indicator to be used for understanding / learning the markets.
# User is responsible for his / her profits / losses, that may occur during the markets.
Release Notes:
What is Updated ?
# In this first update, the weightage as per latest data mentioned in niftyindices.com is taken.
# Minor Cosmetic Update.
# In this first update, the weightage as per latest data mentioned in niftyindices.com is taken.
# Minor Cosmetic Update.
Release Notes:
What is updated ?
In this version 0.3, below is updated=
# recent updating in weightages from indices.
# Some cosmetic updates.
In this version 0.3, below is updated=
# recent updating in weightages from indices.
# Some cosmetic updates.
Release Notes:
What is updated?
In this version v4.23, below is updated: -
# Updated with latest weightage for Banknifty.
# Works only with standard chart type.
# Works only during market hours.
In this version v4.23, below is updated: -
# Updated with latest weightage for Banknifty.
# Works only with standard chart type.
# Works only during market hours.
Release Notes:
What is updated ?
In this version 5.23, below is updated =
# Indicator works accurate during market hours and with extended trading hours enabled.
# Some restrictions like extended trading hours and live market visibility is added.
In this version 5.23, below is updated =
# Indicator works accurate during market hours and with extended trading hours enabled.
# Some restrictions like extended trading hours and live market visibility is added.
For Questions, Discussions, Access :: Drop a Text/WhatsApp message to = +917016549487, e-mail to growmoreindicators@gmail.com or Telegram: t.me/GrowMore_Official