NIFTY 50 (NIFTY) Up $42.2 Over Past 4 Hours, Tops All 8 major Global Equity Indices; in an Uptrend Over Past 30 Days

NIFTY 50 4 Hour Price Update

Updated June 19, 2020 11:13 AM GMT (07:13 AM EST)

NIFTY 50 is up 0.42% (42.2) since the last 4 hour candle, marking the 5th candle in a row it has gone up. Out of the 8 instruments in the 8 major global equity indices asset class, NIFTY 50 ended up ranking 7th for the four-hour candle in terms of price change relative to the last 4 hour candle.

NIFTY 50 Daily Price Recap

10091.65 was the closing price of the day for NIFTY 50, resulting in today being one in which price moved up 2.13% ($210.5) from the previous day. NIFTY 50 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day. The daily price chart of NIFTY 50 below illustrates.

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.

Overheard on Twitter

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

  • From IVivekPandey:

    index is fully manipulated in expiry week by black money guys masquerading as FIIs….
    if S&P goes up 5 pts, they pull up Nifty 50 pts…
    India doesnt have a single macro variable matching US, yet the mkts move in tandem, thanks to algos

  • From KAnantrao:

    Let’s take the example of two Large Caps in Nifty 50
    Starting Date: June 30,2015 (5 years)
    Buy & Hold HDFC : 1296.45
    Sell & Hold COAL INDIA : 421.25 CMP:
    HDFC : 1794.65
    COAL INDIA: 129.45CAGR%
    HDFC: 6.72%
    COAL INDIA: -21.02% (+ve for short seller)*For illustration only*

  • From amitgupta0310:

    @varinder_bansal As per mcap it is 84th now means in next Nifty 50 review and MF classification review, fund managers can look at buying it in portfolios 🤣

For a longer news piece related to NIFTY that’s been generating discussion, check out:

Indian Rupee Eyes China-India Border Dispute, Nifty 50 at Risk

Note: Low and High figures are for the trading day.