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Asked a question 2 years ago

Apart from Nifty & Bank Nifty, which are the main indices to track?

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Jayesh apart from Nifty and Bank Nifty there are other indices which one should track.  One can divided them into two broader categories. 1)Broader Market Indices 2)Sectoral Indices. 

Broader Market Indices

Nifty Next 50

Nifty 100/200/500

Nifty Midcap50/100 /150 and Smallcap100/50/250

India VIX 

Nifty MidsmallCap 400

Sectoral Indices

Nifty Auto

Nifty Financial

Nifty FMCG

Nifty IT

Nifty Media

Nifty Metal

Nifty Pharma 

Nifty PSU

Nifty Realty 

These are the indices which I normally track. Its important to track these mentioned indices because it will help you in taking sector and stocks specific trades. Say for example Nifty is trading in a narrow range and Nifty auto is giving breakout, then in such a scenario, it is always advisable to take auto specific stocks and trade in them rather then trading in Nifty Index. 

If you want to know more in detail, then you can click on the below mentioned NSE link.

https://www.nseindia.com/market-data/live-market-indices489.

There are many indices you can track but it can be confusing and overwhelming. Just use Fyers Web pre-defined watchlists. They show you all the main indices and the stocks in those indices. Very good feature. 

There is one watchlist called 'Nifty Indices' in Fyers web pre defined watchlists. Here, you will get charts of all the indices. Nobody else is providing this. It's an easy way to track price and trends across sectors.