Technical Analysis of Indian Equities by Nooresh

Nifty Calculator–Market Kya Lagta Hai ? Guess on your Own !!

Nifty Kya Lagta hai ?

Every technical analyst/fundmental analyst/ strategist and even the paanwala talks about Nifty/Sensex has an answer to the question – Nifty kya lagta hai ?

9 out of 10 people will give you an answer.

But if you ask them tell us top 5-10 stocks which will lead the market in the direction they say only a couple of them will have the answers.

You can find your own possible targets by playing around with the Nifty calculator which may be a better estimate.

What is Nifty Calculator ?

-> As per the weightages given by NSE for Nifty stocks we have created the Nifty Calculator.

-> Change the expected price and the expected Nifty will change accordingly

-> Create 3 different sheets for yourself–

Pessimistic ( where you put the worst possible prices you think )

Optimistic ( the best prices possible)

Neutral/Rational/Technical / Fundamental ( prices on any reasoning )

Please Note as weightages change every day by small margin this will not give an accurate estimate but will be approximate.

NIFTY CALCULATOR – EXCEL SHEET – CLICK TO DOWNLOAD 

Interesting Observations

  • · HDFC Bank and HDFC Limited are 16.88% of the Index !!
  • · Top 5 names are 35.81% of the index
  • · Top 10 is 55% of the index
  • · Top 20 is 73.15% of the index
  • · Only one #PSU Bank left in the index – SBI has a weight of only 2.16%
  • · Banking and Finance now constitute 36% of the Index
  • · Private Banks constitute 23.53% of the Index.
  • · Metals and Mining contribute only 3.21% ( Vedanta, Hindalco,Tata Steel)
  • FMCG stocks ITC and HUL command 8.23% of the Index.

Would suggest reading this old note  - The Ship of Theseus Paradox – Nifty 2008 and Nifty 2016 Will soon make a revised version of it.

 

LEARN TECHNICAL ANALYSIS "ANALYSIS THAT WORKS!" A Session by NS Fidai at KOLKATA 19-20 MAY, 2018 To Register http://imojo.in/KOLKATA

LEARN TECHNICAL ANALYSIS "ANALYSIS THAT WORKS!" A Session by NS Fidai at SURAT 02-03 JUNE, 2018 To Register http://imojo.in/SURAT

Article by Nooresh Merani

Nooresh has written 2691 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 2 comments… add one }
  • Rajendra prakash agarwal July 5, 2018, 16:15

    very good efforts
    one thing re check
    TATASTEEL 158.85
    it should be
    594.95
    TATASTEEL EQ 30-Apr-2018 589.80 591.65 599.90 586.00 595.10 594.95 594.73 36,58,754 2,17,59,60,395.30 53,761 7,03,893 19.24

    Reply
  • Rajendra prakash agarwal July 5, 2018, 16:25

    TATASTEEL EQ 30-Apr-2018 589.80 591.65 599.90 586.00 595.10 594.95 594.73

    Reply

Leave a Comment