What is Nifty?
NIFTY 50 is the index of the National Stock Exchange of India. It represents the weighted average of the 50 largest and most liquid companies listed on the NSE, across various sectors of the Indian economy.
The index is used as a benchmark for Indian equity markets, meaning it is often referred to as an indicator of market performance.
The NIFTY indices are used by investors, fund managers, and analysts to track the market's performance and make investment decisions.
They are also used as benchmarks for mutual funds and ETFs.
When people say "NIFTY is up" or "NIFTY is down," they are generally referring to the movement of the NIFTY 50 index, which reflects whether the collective value of the 50 largest companies on the NSE has increased or decreased.
What is Nifty Range Calculator?
Nifty Range Calculator is a tool used by traders and investors to estimate the possible price range (high and low) for the NIFTY 50 index over a specific period, typically on a daily,weekly basis.It is primarily used for trading activities or short-term trading strategies.
It helps traders manage risk by providing an estimate of the potential price range. If a trader expects high volatility, they might adjust their position size or strategy accordingly.