3 shares - Reliance Industries, HDFC Bank and Infosys - weigh almost 30% of the NIFTY 50. These shares have returned anywhere between 18% and 35% in the last 3 years.
Looking at an equal weight Nifty chart can give a useful perspective about NIFTY movements.
As seen in the chart, NIFTY went nowhere for almost 6 years from April 2015. It only surpassed those April 2015 levels in January 2021. The former highs were retested in April 2021, and like a charm, the former resistance became the new support.
Get information about NFTY ETF from First Trust below.
Looking at an equal weight Nifty chart can give a useful perspective about NIFTY movements.
As seen in the chart, NIFTY went nowhere for almost 6 years from April 2015. It only surpassed those April 2015 levels in January 2021. The former highs were retested in April 2021, and like a charm, the former resistance became the new support.
Get information about NFTY ETF from First Trust below.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.