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

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Article by Nooresh Merani

Nooresh has written 2665 articles.

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