We are going to let you know why it makes sense to follow bank nifty while trading in Nifty and the reason is as enumerated below:
The Bank Nifty is about 38% plus weightage in the Nifty and the only sector which needs to be followed in Nifty are the financials.
Now, within the Bank Nifty, about four-five stocks have a weightage of nearly 70% on the index. Hence, if those 5 stocks are 'managed' then it is possible to control the moves in the Nifty.
So, now you will understand this aspect that why you need to follow Bank nifty while trading Nifty.
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