NIFTY 50 (NIFTY) Up $50.95 Over Past 4 Hours; Moves Down For the 2nd Straight Day

NIFTY 50 4 Hour Price Update

Updated September 10, 2020 11:13 AM GMT (07:13 AM EST)

NIFTY 50 came into the current 4 hour candle up 0.45% (50.95) from the open of the previous 4 hours, marking the 3rd candle in a row an increase has occurred. NIFTY 50 outperformed all 8 assets in the 8 major global equity indices asset class since the previous 4 hours. Congrats to its holders!

NIFTY 50 Daily Price Recap

NIFTY 50 is down 0.35% (39.35) since the previous day, marking the 2nd straight day a decline has happened. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 6th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of NIFTY 50.

NIFTY

NIFTY 50 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days NIFTY 50’s price has gone up 5 them.

Overheard on Twitter

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

  • From jay_b2427:

    જય શ્રી કૃષ્ણ
    Nifty 50
    Resistance – 11380 -11430
    Support 11250 – 11300
    Nifty Bank
    Resistance – 23100 – 234800
    Support 1 – 22800 – 22450
    HDFC Buy above 1802 T 1811 / 1819 SL 1791
    Indigo Sell below 1224 T 1213/ 1207 SL 1236
    #nifty50 #banknifty #INTRADAY

  • From VikShuklaTweets:

    With the quality of companies being added to indices like Nifty 50, it has become extremely difficult for active funds to beat the index, especially due to their high fees. “In investing, you get what you don’t pay for” – Jack Bogle

  • From CapsuleFinance:

    Exchange traded fund:Nifty 50 represent the different sector present in our county.Its include Financial, Energy, IT, Consumer goods, Automobile,Agriculture sector.If you invest in Nifty 50 index ETF than you have better edge than choosing any sector specific fund or MF!!