Tuesday, March 2, 2010

The Nifty Heavy Weights

The Heavies Revisited....!

The Nifty was trending down when we  visited the Nifty Heavies last time. Since the Nifty has broken out upwards, it is time for a revisit...!
Let us examine which issues  have the highest weights at present and where they are trading in relation  with their 200 day moving averages.
The following table shows the top fifteen heavyweights who have a combined weight of more than 65 % of the Nifty. They are the majority and so the Nifty moves to the direction of the heavies in general.

Nifty Heavies, Their Rank, Price And 200 Day Moving Average 

Out of the top fifteen issues, ten issues having a total weight of 43 % are trading above their 200 day moving averages as on 2nd March 2010. Five issues having a combined weight of 23 % are still trading below their respective 200 day moving averages.  IT, Financials, Capital Goods and the Materials groups are trading upwards of their  200 DMAs where as Oil & Gas, Telecom and Real Estate are the laggards. Here's the charts of the winners and the laggards...

The Information Technology Stock  Charts

 You can click on the Chart to enlarge. 
The Financials Stock Charts

You can click on the table to enlarge. 

The Oil & Gas Stock Charts

You can click on the table to enlarge.  

The Telecom Stock Charts
You can click on the table to enlarge. 

The Real Estate Stock Charts
You can click on the table to enlarge.

Cheers and Prosperous Investing and Trading!!!

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