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!!!

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