From the lows of 23/Mar The "ONLY" heavy weight holding the NIFTY @ 21.57% now is RELIANCE @ 76.66% and supported by BHARTIARTL @ 30.12% and INFY @ 28.07%. If Reliance gives up ... NIFTY needs other pillars to hold on to. [10 constituents by weight to NIFTY]
This analysis is really amazing !!!
Though everyone know reliance is holding the index but the contributions from other counterparts is nicely captured. :)
ankushbagwale
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Technicallly Reliance is now against the wall. There is no room for upside now. It has to correct once and that once can be fatal for Nifty
Juggy...
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@ankushbagwale, Absolutely. I agree! However, if a good stimulus package is announced, things could move UP slowly without nifty giving up.
Lets hope for good stimulus announcements in the coming days. Cheers! Happy Investing!
Though everyone know reliance is holding the index but the contributions from other counterparts is nicely captured. :)