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.
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.
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What is Updated ?
# In this first update, the weightage as per latest data mentioned in niftyindices.com is taken. # Minor Cosmetic Update.
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What is updated ?
In this version 0.3, below is updated= # recent updating in weightages from indices. # Some cosmetic updates.
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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.
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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.
For Questions, Discussions, Access :: Drop a Text/WhatsApp message to = +917016549487, e-mail to growmoreindicators@gmail.com or Telegram: t.me/GrowMore_Official