Nooresh Merani Profile picture
Feb 5, 2019 3 tweets 4 min read Read on X
The #divergence of #Smallcaps #Midcaps and Broader Markets with #Nifty50 is now even being seen in #Nifty50 stocks with the Top 10 of #Nifty50. Top 10 of #Nifty50 weight is 60.26% of #Nifty50 and Top 20 is 77.33%.
The top 2 stocks #HDFCBank and #Reliance have a weight of 20% in #Nifty50. The top 5 stocks have a weight of 39.39%. Banking and Financials sector has a weight of almost 38%. The last 27 stocks in #Nifty50 have a weight of less than 1%.
The last time we saw such concentration for Top 10/20 stocks in #Nifty50 was in in June 2009 ( when it changed to free float ) and in June-August 2013. How long can this continue? All I can say is - In a year or two we may think very differently about the next 3 months. Image

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More from @nooreshtech

Dec 31, 2023
Setting the Stage: World Indices Setup for 2024

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ASX All - AustraliaImage
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10 Most Interesting Videos on the CFA Society India Channel.

Take your time and go through them. Would recommend attending the physical events too.

1) Brave New World | Ritesh Jain, Co-founder, Pinetree Macro.
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Sep 20, 2023
#NiftyMicrocap250 - An interesting thread.

Lot of discussion on this to show how stretched #Microcaps are.
up 65-70% since March
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History of less than 2 years.

It also has an ETF by MotialOswal. Image
1) The Constituents tell you the Story

Look at the Top 10 Constituents.

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2) The Sector Constitution

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May 17, 2023
#FlashBack Thread.

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Remember him and his friend discussing how markets are heading lower irrespective of results.

Let's see what happened.
#IndianElections & the Impact.

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Down 32% from April to May. Peak to Bottom.

On Close 24% fall.

#BJP lost elections.

Remember the "India is Shining " Campaign.

Learnt Lower Top Lower Bottom Pattern ImageImage
#Global Impact of Indian Elections.

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Was down 1% on 17th May 2004. Image
Read 11 tweets
May 16, 2023
#WisdomTales: Insights from Legends

In this series, we cover interesting stories and insights of legendary investors which will give invaluable lessons in the journey of investing

In this thread, Kenneth Andrade explained how using #TechnoFunda does not work on huge PF size !! Image
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May 15, 2023
5 Trends - A thread

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2) NBFCs breakout,
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HDFCBank (28% Wt) - 1750 a major resistance.
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Old thumb rule - NBFCs, Banks can outperform when Rate Cycle has peaked or the rally starts with Big Banks to Small Banks and then Nbfcs

A lot of charts trying to make 2-3 yr highs- Ujjivan, LTFH, M&M Finance, IDFC twins, Equitas, Chola, Federal , Muthoot Cap, etc ImageImage
Read 10 tweets

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