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Today's Summary
Monday, May 3rd, 2021
 

 NIFTY 50

14,634.15

0.02%

 SENSEX

48,718.52

0.13%

 METAL

            4,952.45             

2.16%

 MEDIA

             1,527.10               

1.35%

 GOLD

 47,199.00

0.99%

 USDINR

74.33

0.08%

Here are the best charts, articles, and ideas being shared on the web today! 

Chart of the Day
Today's Chart of the Day was shared on Twitter by Nooresh Merani (@nooreshtech). It's a daily candlestick chart of the Nifty 50 Equal Weighted index over the past year. Nooresh highlighted that the index is near its 52-week highs while the cap-weighted Nifty 50 continues to make lower highs for the past 2.5 months. It's a bullish scenario for the Nifty, as heavily weighted Financial stocks have seen some profit-taking, the low-weighted sectors like Pharma, Metal and Cement are performing well.  Further outperformance from equal-weight would be bullish, as it would be evidence of broadening participation. 
Quote of the Day
 

I just want to be right—I don’t care if the right answer comes from me.

– Ray Dalio

Top Links

Week Ahead: NIFTY Has A Challenging Phase To Navigate; RRG Points At Likely Relative Underperformance From These Sectors - Gemstone Equity Research
Milan Vaishnav, CMT, MSTA, breaks down this week's price action and highlights some key levels of interest in Nifty Sectors using RRG.  

Cyclical Stocks Still in Fashion | Stockroom Sunday - Stocktwits India
In this video, Saket Mehrotra and Vishal Mehta discuss major market indices and few stocks.
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