Based on the free float market capitalization of the underlying stocks their weightage is been decided in BankNifty .
So a Signal system is composed which takes the key Market Internal factors into Consideration rather than Just Price alone.
PARAMETERS TAKEN INTO ACCOUNT
1. Underlying Stock Weightage (Daily BankNifty Composition is taken in to account)
2. Underlying Stock is taken in to account, by formulating the relative based on their kinetic composition.
"PRICE OF BANK NIFTY IS NOT TAKEN IN TO ACCOUNT IN THIS SIGNAL SYSTEM"
Understanding the signal system
1. Don’t combine this signal system with any other indicators
2. Greater than 75% success rate for 70 Points in Banknifty .
Recommended time Frames: 30 Mins and 1 hr are highly recommended time frames.
But a risky trader can trade with 15 Mins because Market Internals support lower time frames. But trade cautiously and read the disclaimer carefully.
The signal system does not carry any recommendations and all the signals are generated mathematically using the Underlying free float market capitalized weightage logic.