FINNIFTY VIEW: Support & Resistance Levels for Tomorrow..
For Best entry, Wait for good setup.
The first thing to know is that FINNIFTY is another name for Nifty Financial Services Index. This index was created back in 2021 to track the performance of the stocks in the Indian financial market, which includes sectors such as banks, financial institutions, housing finance, NBFC, Insurance, and other financial services companies. It is an index of these 20 stocks, as you can see here this is the weightage of the stocks as of now. Together HDFC Bank, HDFC, ICICI Bank, and Kotak Bank constitute about 70% of the total weightage. But let’s look at this from the perspective of the sectors these stocks belong to. As you can see, these stocks belong to 3 main sectors: Banking, NBFCs, and Insurance sectors.
THIS IS FOR EDUCATIONAL PURPOSE ONLY - DO YOUR ANALYSIS.
Happy Trading :)
Mam thanks for considering my description.. I observed that today for Finnifty also you posted the chart but the description is Nifty 50 only. so here I am sending this description is for FinNifty analysis too.
Jan 13, 2023, 12:14 PM
Thank you for this effort Sir :)
Jan 13, 2023, 5:31 PM
·
Sent
For Best entry, Wait for good setup.
The first thing to know is that FINNIFTY is another name for Nifty Financial Services Index. This index was created back in 2021 to track the performance of the stocks in the Indian financial market, which includes sectors such as banks, financial institutions, housing finance, NBFC, Insurance, and other financial services companies. It is an index of these 20 stocks, as you can see here this is the weightage of the stocks as of now. Together HDFC Bank, HDFC, ICICI Bank, and Kotak Bank constitute about 70% of the total weightage. But let’s look at this from the perspective of the sectors these stocks belong to. As you can see, these stocks belong to 3 main sectors: Banking, NBFCs, and Insurance sectors.
THIS IS FOR EDUCATIONAL PURPOSE ONLY - DO YOUR ANALYSIS.
Happy Trading :)
Mam thanks for considering my description.. I observed that today for Finnifty also you posted the chart but the description is Nifty 50 only. so here I am sending this description is for FinNifty analysis too.
Jan 13, 2023, 12:14 PM
Thank you for this effort Sir :)
Jan 13, 2023, 5:31 PM
·
Sent
Swapnaja Sharma