Pages

Saturday, March 27, 2010

The Nifty Heavy Weights


 The Nifty and it's Biggest Constituents Revisited....!

The S&P Nifty closed almost at a post bear market high of 5274 on 26th March, 2010. Now, let us examine the various moving averages of the index and it's biggest constituents. 

S&P Nifty - Daily Chart and Simple Moving Averages

Please click on the chart to enlarge. 

The 20, 50, 100 and 200 day moving averages ( DMAs ) of the S&P Nifty index are placed at 5136, 5019, 5032 and 4827 respectively as on 26th March, 2010.


And here is a table showing the name, weightage, closing price, and the 20, 50, 100, 200  DMAs of the ten biggest constituents of the S&P Nifty index. The last column of the table shows the closing price of the constituent as a percent of it's 200 day moving average.   

Nifty Heavies 

Please click on the table to enlarge.

The IT heavies, TCS and Infosys are quoting at prices which are 33.7% and 22.2 % higher than their 200 DMA respectively.  Tatasteel and HDFC Bank are also quoting at 24.3 % and 21.1 %  higher prices than their 200 DMAs. These four issues are leading the present uptrend . ICICI Bank and ITC ,which are quoting at 15.2 % and 10.5 % above their respective 200 DMAs, are the secondary leaders of the uptrend. The other Nifty heavies are quoting between 100 and 110 % percentage of their 200 DMAs.

Cheers and Prosperous Investing and Trading!!!

© 2010 momentumsignal.blogspot.com. All rights reserved.


Disclaimer: No research, information or content contained herein or in the accompanied spreadsheet shall be construed as advice and is offered for information purposes only. We shall not be responsible and disclaim any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered by the user or any third party as a result of or which may be attributable, directly or indirectly, to the use of or reliance on any information or service provided. All files/information is provided 'as is' with no warranty or guarantee as to its reliability or accuracy.

No comments: