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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.
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-indices622.
