While the Nifty is near its all time highs, it’s just an index of a bunch of stocks. How many of those are close to their all time highs?
We introduce the Capital Mind All Time High indicator (ATH) which maps this over time.
These are the number of stocks within 5% of their all time highs. The indicator is built accounting for changes in the Nifty over time, so what you see is the set of stocks that form the Nifty at that date, which are within 5% of their all time highs.
Note: this is data of 12th March 2014.
As you can see the number of stocks close to all time highs peaked at 27 in October 2007, but the number started to fall as the Nifty went higher […]