The Nifty 50 Equal Weighted Index has activated a major breakout on a weekly closing basis, and this is likely to fuel a further up move of 13% in large-cap stocks in the Nifty 50 Index.
With FII having a high preference for large-cap stocks, the next leg of the rally would be concentrated in the Nifty 50 basket, and this can be reconfirmed from the breakout in a spread of the Nifty 50 & Nifty 500 Index.
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