NIFTY 50 4 Hour Price Update
Updated September 07, 2020 11:12 PM GMT (07:12 PM EST)
NIFTY 50 closed the last 4 hour candle up 0.38% (43.45); this denotes the 2nd straight candle an upward move has occurred. NIFTY 50 outperformed all 8 assets in the 8 major global equity indices asset class since the last 4 hour candle. Congrats to its holders!
NIFTY 50 Daily Price Recap
NIFTY 50 came into today down 1.68% (193.6) from the open of the previous day, marking the 2nd straight day a decline has happened. Those trading within the 8 major global equity indices asset class should know that NIFTY 50 was the worst performer in the class today. Below is a daily price chart of NIFTY 50.
NIFTY 50 Technical Analysis
First things first: NIFTY 50 crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIFTY 50’s price has gone up 7 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to NIFTY 50:
- From IndiaEtfs:
Why costs really matter.
Low costs let you keep more of your return.At 0.1% you can buy a Nifty 50 index fund & at 0.3% – a NN50 fund.Low cost leads to better performance; it means you keep more of your returns.
It’s one of the few things in investing that you can control.
- From jay_b2427:
જય શ્રી કૃષ્ણ
Resistance – 11380 -11430
Support 11250 – 11300
Resistance – 23400 – 23600
Support 1 – 22900 – 22450
Baj Finance Buy above 3650 T 3668 / 3685 SL 3630
Indusind Bank Sell below 610 T 603/ 597 SL 616
#nifty50 #banknifty #INTRADAY
- From sst295:
@_mo_hit__ @dmuthuk If you don’t have mentor just start with 5 stocks of any of top 10 of nifty 50. Buy today, observe price, observe chart how it moves down or up, learn to recognise every candle what it says,