Equal Weight Nifty ETF Movement
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.