Currently, Nifty 50 has divergence with Bank Nifty / Nifty Financial. Financials are 38% of Nifty 50's Sector Representation. If BankNifty resolves higher, the best constituent will be the stocks making higher high. SBIN is an example of the same. The Insurance industry group within Financials is posing for a breakout. HDFCLIFE, SBILIFE, ICICIPRULI are close to their all-time high.
Weekend Rundown: Bank Nifty | Nifty 50 | Metals
Weekend Rundown: Bank Nifty | Nifty 50 …
Weekend Rundown: Bank Nifty | Nifty 50 | Metals
Currently, Nifty 50 has divergence with Bank Nifty / Nifty Financial. Financials are 38% of Nifty 50's Sector Representation. If BankNifty resolves higher, the best constituent will be the stocks making higher high. SBIN is an example of the same. The Insurance industry group within Financials is posing for a breakout. HDFCLIFE, SBILIFE, ICICIPRULI are close to their all-time high.