Top 10 Nifty 50 Heavyweights: PCR Position, Short Covering Potential, and Fundamental-Technical Outlook (May 2025)

Explore how the top 10 heavyweight stocks of the Nifty 50 are positioned in terms of PCR, short covering possibilities, and their technical and fundamental strengths. Includes insights for the Nifty 50 index itself. Updated as of May 2025.

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 Overview: Why These 10 Heavyweights Matter?

The top 10 heavyweight stocks contribute over 60% of Nifty 50's movement, making their Put-Call Ratio (PCR) and short covering potential critical for directional moves in the index. This article gives a detailed tabular view of the current PCR levels (from NSE data), short covering signals, and combined fundamental and technical strength of each of these stocks and the Nifty 50.

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 List of Top 10 Nifty 50 Heavyweights (as of May 2025):

Rank	Stock Name	Index Weight (%)
1	Reliance Industries	10.8
2	HDFC Bank	9.6
3	ICICI Bank	8.5
4	Infosys	6.9
5	ITC Ltd	5.4
6	TCS	4.9
7	Larsen & Toubro	4.3
8	Kotak Mahindra Bank	3.8
9	Bharti Airtel	3.6
10	SBI	3.4

 Table 1: PCR and Short Covering Signals (as on 17 May 2025)

Stock Name	Current PCR (NSE)	PCR Interpretation	FII/Pro Activity	Short Covering Signal	Implication
Reliance	0.58	Oversold (Bearish)	Neutral to Long	🔼 Yes	Likely bottoming out
HDFC Bank	0.62	Oversold	Long Build-up	🔼 Yes	Reversal likely
ICICI Bank	0.75	Neutral to Positive	Long Bias	🔼 Mild	Watch for a breakout
Infosys	0.48	Oversold	Short Build-up	🔽 No	Still under pressure
ITC Ltd	0.85	Balanced	Long Build-up	🔼 Yes	Strength visible
TCS	0.68	Slightly Bearish	Mixed	🔽 No	Wait for confirmation
L&T	0.92	Near Resistance	Long Build-up	🔼 Yes	Breakout in progress
Kotak Bank	0.55	Oversold	Short Covering	🔼 Yes	High potential
Bharti Airtel	0.79	Balanced	Long Bias	🔼 Mild	Positive but slow
SBI	0.61	Oversold	Short Covering	🔼 Yes	Strong reversal chances
Nifty 50	0.72	Slightly Bearish	Long Positions	🔼 Emerging	Likely bounce ahead

 Table 2: Technical and Fundamental Snapshot (Top 10 Stocks + Nifty 50)

Stock / Index	Trend (Daily)	Support/Resistance	RSI	200 DMA	PE Ratio	ROE (%)	FY25 Revenue Growth	Verdict
Reliance	Bullish	2870 / 3020	58	2785	24.1	11.5	13.2%	Accumulate on dips
HDFC Bank	Reversal Up	1510 / 1590	52	1495	19.3	14.0	11.8%	Positive bias
ICICI Bank	Sideways	1105 / 1155	54	1088	21.2	16.8	13.5%	Watch for a breakout
Infosys	Bearish	1320 / 1380	42	1375	20.5	27.4	8.5%	Avoid for now
ITC Ltd	Bullish	445 / 470	64	430	25.7	27.1	10.3%	Buy on breakout
TCS	Weak Bullish	3700 / 3870	48	3620	28.1	40.0	9.8%	Cautiously positive
L&T	Bullish	3450 / 3620	60	3355	34.3	18.6	15.7%	Strong momentum
Kotak Bank	Oversold Up	1640 / 1720	47	1600	21.5	11.2	9.2%	Medium-term buy
Bharti Airtel	Uptrend	1250 / 1320	55	1190	28.9	14.5	14.0%	Hold / Add
SBI	Bullish	805 / 870	61	788	13.7	16.0	12.6%	Strong candidate
Nifty 50 Index	Recovery Mode	22250 / 22700	57	21900	22.9	15.5	~10% (avg)	Cautious Optimism

 Key Insights:

• PCR below 0.6 indicates an oversold condition and possible short covering ahead, especially for Reliance, Infosys, SBI, and Kotak Bank.

• Fundamentals remain strong for all 10 stocks except Infosys (due to recent weak US IT demand).

• Technically, SBI, Reliance, ITC, and L&T are showing strong price action and momentum.

• Nifty 50 itself is recovering, and a short-covering rally can get a boost if heavyweights sustain upward pressure.

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 Conclusion:

Tracking the PCR positioning and short covering in the top 10 Nifty stocks gives a clear directional clue for index traders, option sellers, and long-term investors alike. As of now, the market seems poised for a mild short-covering rally, especially if Reliance, HDFC Bank, and SBI lead the momentum.

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