The Anatomy of Banknifty

For those who are just fascinated by nifty charts making 20% rise from lows of May. Take a look at Banknifty - its made a 30% rise from its lows in May.


And in terms of points if Nifty is about 1400 points Banknifty is up a massive 3680 points! Amazing ins't it?


Lets examine the components of Banknifty - 

You can see that the top 4 banks contribute towards 70% of weight of Banknifty. 


Just need to know the technicals/fundamentals of 4 banks to be able to trade Banknifty.

SBI

ICICIBANK:

HDFCBANK:

AXISBANK: