Dear Sunil,
I was just wondering - if we simultaneously have more sheets with RIL, SBI, ONGC, Infy and maybe 1-2-3 more heavyweights of the Nifty then we can refine the SELL and BUY calls and the validity of these calls could have a higher achievement rate.
The logic/reason behind it is that Nifty by itself does not move - It is the movement of all the scrips in the Nifty - which in combinations of Plus and Minus movements - make the Nifty move. So, certain scrips which have a higher weight in the Nifty can be inserted and monitored on the same basis of the current excel sheet, then combine the BUY and SELL of all the scrips AND Nifty and come to either a BUY or SELL call for the Nifty itself.
Maybe it is just too time consuming or we cannot find out immediately, so start with 2, say RIL n SBI then if we see that it is a step in the right direction, then add more.
The reason I AM NOT DOING THIS and asking you to do it is bcoz I have no idea of Pivots and neither am I an expert in Excel.
Just a thought which I penned down ...
Murtaza
I was just wondering - if we simultaneously have more sheets with RIL, SBI, ONGC, Infy and maybe 1-2-3 more heavyweights of the Nifty then we can refine the SELL and BUY calls and the validity of these calls could have a higher achievement rate.
The logic/reason behind it is that Nifty by itself does not move - It is the movement of all the scrips in the Nifty - which in combinations of Plus and Minus movements - make the Nifty move. So, certain scrips which have a higher weight in the Nifty can be inserted and monitored on the same basis of the current excel sheet, then combine the BUY and SELL of all the scrips AND Nifty and come to either a BUY or SELL call for the Nifty itself.
Maybe it is just too time consuming or we cannot find out immediately, so start with 2, say RIL n SBI then if we see that it is a step in the right direction, then add more.
The reason I AM NOT DOING THIS and asking you to do it is bcoz I have no idea of Pivots and neither am I an expert in Excel.
Just a thought which I penned down ...
Murtaza
individual stocks looks boring.