NIFTY 50 (NIFTY) Up $46.55 Over Past 4 Hours, Started Today Up 0.91%; Pin Bar Pattern Appearing on Chart

NIFTY 50 4 Hour Price Update

Updated June 29, 2020 11:12 PM GMT (07:12 PM EST)

10329.9 was the closing price of the four-hour candle for NIFTY 50, resulting in the current 4 hour candle being one in which price moved up 0.45% ($46.55) from the last 4 hour candle. Out of the 8 instruments in the 8 major global equity indices asset class, NIFTY 50 ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

NIFTY 50 Daily Price Recap

The back and forth price flow continues for NIFTY 50, which started today off at 10383 US dollars, up 0.91% (94.1) from yesterday. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 2nd since yesterday in terms of percentage price change. Here is a 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to NIFTY 50:

  • From rajeevr17686682:

    @AgarwalPiyush12 @hemant_ghai Bro, As per my experience SBi and Sbi card will recover … Rest exit
    Request you to invest in nifty 50 top share so that you can save your money as well as you can Earn better profit.
    Please take advice from Hemant sir then exit from these stock

  • From Jaygaadi:

    @Mr_Chartist Sir i have been following your and @Rishikesh_ADX levels daily on Nifty 50 and BankNifty but i lack conviction and clarity of taking entry and exit. A humble request for a chart at EOD with enrty exit by you will help a lot if time permits.

  • From sbsoni4961:

    Observed lot of CASH shares gaining momentum.
    Philosophy of Investing 80% in Nifty 50 stocks needs to follow scrupulously for capital protection.
    Past experience is that when the cash shares starts big momentum then it is THE START OF END OF STORY