3 charts:
Nifty
Heavy Weights
Heavy Weights with Nifty
Nifty Heavy Weights
NSE: HDFC Bank + NSE: Reliance + NSE: ICICI Bank + NSE: TCS + NSE: HDFC + NSE: Infosys + NSE: ITC + NSE: Kotak Bank
Heavy Weights with Nifty (NSE: HDFC Bank + NSE: Reliance + NSE: ICICI Bank + NSE: TCS + NSE: Infosys + NSE: ITC + NSE: Kotak Bank) / NSE: Nifty
From the COVID lows, Nifty has given a 164% return, and the Heavy Weights have given 125%. However, the ratio of these stocks is at the same level as when the Nifty was in Oct '18.
Not saying that they will start going up tomorrow, but maybe these stocks, also popularly called "Hrithik stocks," constitute more than 50-55% weight in the Nifty.
Maybe they can lead the next rally up?
Nifty
Heavy Weights
Heavy Weights with Nifty
Nifty Heavy Weights
NSE: HDFC Bank + NSE: Reliance + NSE: ICICI Bank + NSE: TCS + NSE: HDFC + NSE: Infosys + NSE: ITC + NSE: Kotak Bank
Heavy Weights with Nifty (NSE: HDFC Bank + NSE: Reliance + NSE: ICICI Bank + NSE: TCS + NSE: Infosys + NSE: ITC + NSE: Kotak Bank) / NSE: Nifty
From the COVID lows, Nifty has given a 164% return, and the Heavy Weights have given 125%. However, the ratio of these stocks is at the same level as when the Nifty was in Oct '18.
Not saying that they will start going up tomorrow, but maybe these stocks, also popularly called "Hrithik stocks," constitute more than 50-55% weight in the Nifty.
Maybe they can lead the next rally up?