NIFTY 50 4 Hour Price Update
Updated July 02, 2020 11:13 PM GMT (07:13 PM EST)
The choppiness in the recent four-hour candle price action of NIFTY 50 continues; to start the current 4 hour candle, it came in at a price of 10557.45 US dollars, down 0.06% (6.75) since the previous 4 hours. Out of the 8 instruments in the 8 major global equity indices asset class, NIFTY 50 ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
NIFTY 50 Daily Price Recap
The back and forth price flow continues for NIFTY 50, which started today off at 10430.05 US dollars, up 1.24% (127.95) from the previous day. NIFTY 50 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day. Below 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 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that NIFTY 50’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about NIFTY 50:
- From srirags:
The survey covered 28 top CEOs who lead companies with a total turnover of Rs.19 lakh crore, almost 10% of India’s GDP. 19 of these CEOs lead companies part of the Nifty 50 index. Unlisted companies that are leaders in their industry also found a place. (Ends)
- From idineshptl:
Today close :10302Today not just we close month but also close Quarter(April-May-June)& Half calender year. So,its equally important to draw perspective about stock market next month Quarter and half year view.
- From SanaSecurities:
Most actively managed funds will outperform Nifty 50, Next 50 and all next to next…passive funds, at least for 10 years. That’s what happens when indices are so well managed for so long.