Market Internal tool used for trading Nifty Futures and Options
Calculation Method: Underlying stocks Free Float Market capitalization weightage has been used to calculate the outcome.
Data Taken from IISL
Red Line: Negative Weightage of Underlying Stocks of Nifty
Green Line: Positive Weightage of Underlying stocks of Nifty
Interpretation: By seeing you can understand how the allocated free float capitalized weightage is driving the Nifty price change.