Metal sector rally from 24th march lows!!
Wednesday, July 08, 2020
Saturday, May 02, 2020
Nifty sectors Weightage
As we all know nifty is a index which contains 50 stocks.These stocks carry their weight in nifty .These stocks are from different sectors ,Many are from same sector.Lets segregate them according to their sectors to find out individual sector weight age in NIFTY.
S |
The above table shows weightage of diffrent sectors in Nifty. We can see the main drivers of nifty are
four sectors according to weightage BANKING ,IT ,FMCG and OIL&GAS.
The top 4,5 sectors in nifty have almost 80% weightage in nifty.
| Nifty heavyweight sectors | |
| Banking sector | 26.30% |
| IT Sector | 15.09% |
| FMCG Sector | 14.51% |
| Oil&gas Sector | 12.48% |
| Finance | 10.33% |
| Total | 78.71% |
Here if i club banking and finance we have a super heavyweight sector which has weight age of almost 37% .So the backbone of nifty is Banking and finance sector.Nifty cant move or fall for a long time time without favorable response from this sector. IT and FMCG are almost same weightage .So next time you try to figure out nifty trend or bias do go through the heavyweight sector stocks ,You would get good hints about it.
INFY UPDATE
In my last post ,Had discussed about a triangle unfolding in infy.
Lets see the present scenario.
From the last post after abc a triangle finished in d and now probably we have finished e.
Below 650 confirmation of e being finished. Expecting this to be in sideways to downward
bias as long as yesterdays high is not crossed.
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