This is what I think about #NiftyCPSE First, let's see what are the constituents of this thematic index and what's the various sectorial weightage that it holds.
Of late #NiftyCPSE is making bullish moves. This is how it looks on a weekly time frame chart.
Let us also examine, how #NiftyCPSE has behaved in relation to #Nifty. We can clearly see its underperformance for the major part, however, it has given some signs of bottoming in the recent past.
Which are the best-placed setups from #NiftyCPSE in such a case? IMHO, these four stocks look promising over the medium term. Their respective weightage as in #NiftyCPSE in % terms is mentioned.
#Powergrid 19.44%
#NHPC 3.35%
#BEL 8.86%
#OIL 2.4%
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