Long or Short Opinion

[rajeabc]

Rajput bhai
can u help me in one thing?
There are 50 scripts in Nifty, can you give some idea how can I find out the weight-age of each script in NIfty. Like the scripts are having in sectoral indexes of BSE, I need to have

Scripwise Weightages in Nifty of the scripts of Nifty

Thanks bhai

here you go... from ICICI Direct

 

[columbus]

Just to remember atleast 10 out of top 20 names,just remember
ROTIN BLISS.

R=RIL
O=ONGC
T=TCS
I=INFOSYS
N=NTPC

B=BHEL/BHARTI
L=L&T
I=ITC/ICICI
S=SBI
S=SAIL

 

[crown]

here you go... from ICICI Direct

Thanks a ton bade bhai, you have always been there to help me.

but bhai, I don't know if it is the same thing I am looking for.

here below is the screen shot in BSE site, where the circled/rectangled area is showing to see the weight of each script in the specific index.

Uploaded with ImageShack.us

And when I click on this, I get this. Weight of every script in the specific index

Uploaded with ImageShack.us

Now, the xl file given by you shows days' weightage and I am not aware if this weightage is based upon the daily turnover or is fixed as I found in BSE.

I also don't know that whether any such weightage is there in Nifty scripts or all scripts in Nifty are given equal weightage.

If, there is weightage in Nifty scripts on the same line as has been given in BSE, then it will be very useful in trying to analyse that how strongly the Nifty can react to the expected up/down movements of specific scripts. BSE sensex (30 shares) does have a fixed weightage of all the scripts, which can be found in this link.

http://www.bseindia.com/mktlive/ind...k=1394520.92&dateheader=Friday,+July+30,+2010

But because I find the dependency of Nifty more in comparision to Sensex, I am looking for it.


Thanks a ton big bro for your patience and kind help

 

[crown]

The idea behind this is

First of all, I will try to get a grasp and understanding over the sector. That is, if a sector is positive and giving indications of going up, then the scripts of that sector should only be analysed for upside moves. There will be some scripts which will not go up, despite the sector being positive. But, we can easily identify and ignore those scripts. (Vice-versa for negative movement of the sector)

Then, I would try to find out if the heavy-weights of that sectors are listed in Nifty, if yes, how much weight they carry in the Nifty. Because, I have observed that Nifty did not carry any of the scripts of the BSE sector Consumer Durables.
following are the scripts listed in consumer durable index of BSE

Bajaj Electric
Blue Star
Gitanjali Gems
Rajesh Exports
Titan Industrie
Videocon Indust
VIP Industries
Whirlpool

and none of them is in Nifty. Now, the index of these scripts i.e. consumer durable index is showing that it has a signal for shorting. But simply because none of these scripts are listed in Nifty, I am avoiding it. My priority will be to first understand one index and its ingredients. And only after having a comfortable situation, move ahead.

Third is the weightage of each script in Nifty analysed along with the sectoral strength. For example, script xyz is carrying reasonable weight in Nifty and that script is also having reasonable weightage in the concerned sector to which it belongs. In that case, the movement of that(such scripts) will have more impact over the movement of Nifty. And that may help in deciding the expected movement of Nifty.

Fourth is, I have observed that there is an indirect though significant impact( on the overall shares ) generated by movement of indexes. Like if the Nifty is going down, even the scripts which are actually strong may not move up as expected, while the scripts which are weak will go down very sharply. Therefore, this info will also help in choosing the scripts carefully. For example, for the past 3-4 days, I am only trying to find out the scripts to go short. Even if the same script is having an upside move/signal, I am simply avoiding it because I found market breadth to be negative. And it has paid me. because the upmovement has remained restricted significantly, despite the script being strong, while the downside movement was significant and sharp.

Thanks big bro and please comment and help me.

 

[praveen taneja]

Just to remember atleast 10 out of top 20 names,just remember
ROTIN BLISS.

R=RIL
O=ONGC
T=TCS
I=INFOSYS
N=NTPC

B=BHEL/BHARTI
L=L&T
I=ITC/ICICI
S=SBI
S=SAIL

:clapping::clapping::clapping::clapping:

 

[rajputz]

I was analysing BANKNIFTY over volume and price movement for last few days...There were some squatting movements few days back, which showed that it is trying to go down or up below or above squatting days high low. Last few sessions, volume has increased on banknifty over an increased price range. Which suggest that it is still strong and can make a little upmove. Although it is showing strength doesnt mean that it cannot come down after three four days. It can, but still when i see strength in the volumes, i cannot go short just by assumption and neither long at higher levels. So Better sit and wait time for me on banknifty. Will wait for a trend reversal signal on my charts.

Looking at individual banknifty stocks, then i find only icicibank and axisbank, which looks short for now. SBIN, HDFCBANK, PNB are somewhat strong till now. Either the first two are going to show strongness or later are going to show weakness of banknifty to behave in either direction. Well lets c.

 

[rrmhatre72]

Rajput bhai
can u help me in one thing?
There are 50 scripts in Nifty, can you give some idea how can I find out the weight-age of each script in NIfty. Like the scripts are having in sectoral indexes of BSE, I need to have

Scripwise Weightages in Nifty of the scripts of Nifty

Thanks bhai

ICICI dierect has this tool.
you can calculate Nifty level by changing price of any/all of 50shares.

 

[blackberry]

watch bajaj hidustan

 

[blackberry]

watch balrampur chini

 

[whyLately]

Scripwise Weightages in Nifty of the scripts of Nifty

The daily BhavCopy contains a file called ffixddmmyy.csv that contains weightages for various NSE indices (they seem to have added CNX Realty details recently as well).