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WHY NIFTY INDEX IS IMPORTANT IN STOCK MARKET?
Nifty Index is an important aspect of the Indian stock market. Take a look at some of these reasons for understanding its importance:
Market representation
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The NIFTY 50 Index represents the list of top chaptalized companies in the Indian Stock Exchange. It represents the performance of the leading stocks.
Benchmark
It creates a benchmark or reference for national stocks. It provides a lot of help and information to investors and traders.
Transparency
The Nifty Index is estimated using the Free Market Capitalization method. It gives transparency to Indian stocks and actual value in the market. Thus, you get to know the actual value of stocks.
The software has a pre-defined set of instructions based on historical trading experiences. Based on the historical data pattern, it predicts the future performance of the stocks.
WHAT IS ALGO TRADING?
Algo trading refers to the software that trades using algorithms and programming
Algorithmic trading refers to the wide usage of market data and stock prediction using a set of instructions and mathematical calculations. These days, many trading software in India predict stocks using the best automated trading bot.
