Sensex Top 3

One way to look at Sensex is to look at the top 3 stocks of Sensex in term of market capitalization. If the top 3 stocks are showing resilience than the Sensex itself should show resilience. Mind it we are talking about the weightage here not necessarily outperformance or underperformance. Guess what? Out of the three top stocks of Sensex viz. ITC, Reliance and Infosys, just …

Above this the ROC monthly momentum for Sensex remains above mean level and positive. ROC monthly momentum is also ready to reverse first time after 2009. Hence the probability of reversal continues to be high. For us any ongoing dip from current level remains an accumulation level and we continue to remain positive above Sensex 18,000.
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Coverage Global: Dow 30 components, Global Indices, ETF SPDRS, Commodities and Indian Sensex
Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and is CMT level III candidate. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.