Nifty today

S&P CNX Nifty is a well diversified 50 stock index accounting for 21 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. S&P CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL is India's first specialised company focused upon the index as a core product. IISL has a Marketing and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services. The traded value for the last six months of all Nifty stocks is approximately 44.89% of the traded value of all stocks on the NSE Nifty stocks represent about 58.64% of the total market capitalization as on March 31, 2008. Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.15% S&P CNX Nifty is professionally maintained and is ideal for derivatives trading Source : NSE S&P CNX Nifty is computed using market capitalization weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value. Source : NSE The constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is based on the following criteria: Liquidity (Impact Cos...

Nifty today formed a Doji candle on the daily chart — a small positive candle with minor upper and lower shadow. Now, it has to cross and hold above 18,636-18,676 zones to witness an up move towards 18,777 and 18,888 zones while on the downside support exists at 18,550 and 18,480 zones, said Chandan Taparia of Motilal Oswal. India VIX was up 1.12% from 11.12 to 11.24 levels. Volatility is overall at its lower band but moved in a zig zag fashion, which created swings within a smaller range in the index. Option data suggests a broader trading range between 18,400 and 18,900 zones while an immediate trading range between 18,450 and 18,750 zones. The immediate supports like daily 10-day and 200-day EMAs have been offering base for Nifty for the last two months. What should traders do? Here’s what analysts said: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas Nifty has managed to hold on above the 18,530 level, below which the uptrend is likely to change. The hourly momentum indicator has triggered a fresh positive crossover, however, the daily momentum indicator has a negative crossover and thus provides divergent signals. The Bollinger bands are contracting, indicating that there can be a consolidation. Thus, both price and momentum indicators are suggesting that there could be a consolidation in the near term and the overall uptrend is still intact. In terms of levels, 18,530 – 18,500 shall act as a crucial support zone while 18,778 – 18,800 shall act as an...