Bank nifty future is one
of the highly volatile index's of the 'National Stock Exchange' of India. The
active professional trader are meant to make huge money, which is only possible
in very active scripts and many scripts and their complex nature are very
difficult to predict. The volatility of the individual scripts are low when we
compare with the " index future" .This made us to choose Bank nifty. One cannot
trade in a Choppy/Side way market. Bank Nifty is almost active in all the time.
It is such a volatile index, even during a choppy market and that enhance the
spirit of many trader to trade in ' Bank Nifty ' index future. There are few institutional
traders who only trade in Bank Nifty and minting huge money. It is such
volatile index future, where we have more opportunity to make great money.
Facts
about market representation of Bank Nifty
The CNX
Bank Index represent about 15.89%of the free float market capitalization of the
stocks listed on NSE and 89.06% of the free float market capitalization of the
stocks forming part of the Banking sector universe as on June 28, 2013.
The
total traded value for the last six months ending June 2013 of all the Index
constituents is approximately 15.55% of the traded value of all stocks on the
NSE and 84.49% of the traded value of the stocks forming part of the Banking
sector universe
To be
included in the bank index, a stock should be a banking stock with a free float
market capitalization & company turnover of top 500 stocks. It should
also have a trading frequency of at-least 90%. Such Banking stock should
also have positive net worth.
Bank
Index is re-balanced with changes, if any twice a year. The dates of re
balancing are 31 January and 31 July . A six week prior notice is given to
market if any changes are effected during such semi-annual bank nifty
re-balancing reviews.
Selection
Criteria
Selection
of the index set is based on the following criteria:
1.Company's market capitalization rank in the universe should be less than 500
2.Company's turnover rank in the universe should be less than 500
3.Company's trading frequency should be at least 90% in the last six months.
4. Company should have a positive net worth. 5.A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
3.Company's trading frequency should be at least 90% in the last six months.
4. Company should have a positive net worth. 5.A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
Constituents
list of CNX Bank
1.Axis
Bank Ltd.
2.Bank of Baroda
3.Bank of India
4.Canara Bank
5.HDFC Bank Ltd.
6.ICICI Bank Ltd.
7.IDBI Bank Ltd.
8.Kotak Mahindra Bank Ltd.
9.Oriental Bank of Commerce
10.Punjab National Bank
11.State Bank of India
3.Bank of India
4.Canara Bank
5.HDFC Bank Ltd.
6.ICICI Bank Ltd.
7.IDBI Bank Ltd.
8.Kotak Mahindra Bank Ltd.
9.Oriental Bank of Commerce
10.Punjab National Bank
11.State Bank of India
12.Union Bank of India
The Bank nifty Future 1 Lot Size is 25. The
Margin required for one lot is about Rs.25000.00 approx.The page title
calculation made for 2-Lots Size. i.e.- 50 no’s X 50 Points =Rs.2500/- Every
month you can make money up to Rs.60,000.00 with the minimum investment.
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