Nifty IT Index

Date 18.09.2024
Nifty IT Index
Timeframe : Day Chart

Top constituents by weightage

1 Infosys = 28.45 %
2 Tata Consultancy Services = 24.57 %
3 HCL Technologies = 9.88 %
4 Tech Mahindra = 9.35 %
5 Wipro = 7.81 %
6 LTI-Mindtree = 5.81 %
7 Persistent Systems = 5.56 %
8 Coforge = 4.30 %
9 Mphasis = 2.65 %
10 L&T Technology Services = 1.61 %

NIFTY IT CURRENT PE = 34.4
NIFTY IT DIV = 1.9 %
NIFTY IT EPS = 1223

Remarks :
Forming right-angled ascending broadening wedge at fibonacci extension 1.61%.
If breaks the base of pattern then weak/bearish. Its kind of volatile pattern. Keep your position in Nifty IT stocks according to Nifty IT Index chart shared.

Regards,
Ankur