NIFTY 50 Daily Price Recap
9261.85 was the closing price of the day for NIFTY 50, resulting in today being one in which price moved down 0.05% ($4.9) from the day prior. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of NIFTY 50.
NIFTY 50 Technical Analysis
Volatility for NIFTY 50 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Or to view things another way, note that out of the past 14 days NIFTY 50’s price has gone up 7 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIFTY 50 for the past day were:
- From IndiaER:
For all those asking, NSE opened in 1992
The Nifty 50 was launched 1 April 1996 (4 years later and after this image)This was not list of initial Nifty50 stocks
Only 10 companies from original Nifty50 are still in the indexQUIZ::: Can you name all 10 of them?
- From nitinbhatia121:
🔴🔴China’s is more interested in Indian Tech Startups instead of listed companies…Out of $6.2 billion, $4 billion is invested in India’s tech start-up sector. Social paid media has created a FEAR as if CHINA has taken a majority control in majority of Nifty 50 companies.
- From sweetspottrader:
All those who will invest come what may, learn about low cost index fund , invest in them. A nasdaq 100 or nifty 50 would be great. PLEASE AVOID TRADING , u will ruin your savings.