NIFTY 50 4 Hour Price Update
Updated August 03, 2020 07:13 AM GMT (03:13 AM EST)
The back and forth price flow continues for NIFTY 50, which started the current 4 hour candle off at 10992.3 US dollars, down 0.88% (97.1) 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 7th for the four-hour candle in terms of price change relative to the last 4 hour candle.
NIFTY 50 Daily Price Recap
NIFTY 50 is down 0.26% (28.7) since the day prior, marking the 3rd day in a row it has gone down. Out of the 8 instruments in the 8 major global equity indices asset class, NIFTY 50 ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of NIFTY 50.
NIFTY 50 Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that NIFTY 50’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about NIFTY 50:
- From ankits214:
@KiritSomaiya @CPMumbaiPolice @ThaneCityPolice @Dev_Fadnavis @ZeeBusiness @AnilSinghvi_ @SwatiKJain You carried out operation hafta vasooli on your channel. Now as a responsible media house, carry out the story and investigate the bajaj finance and bajaj finserve, since it is listed on both NSE and BSE, and also both are nifty 50 company.
- From ISingSong11:
@dmuthuk ITC didn’t go up much when Nifty 50 rallied from 7500 to 11400. There might be some inherent problem which the general public might not be aware of.Everyone wants to do with ITC what Damani did with alcohol company but those days are long gone.Millennials are smoking pot 🤦♂️
- From Subbaramareddi:
@NishantKalaskar This is a very good long term nifty 50 chart and is quite accurate. I’m the smallest investor on this beautiful planet Earth. I like TA, as it shows the right path. I read Capital Market’s TA book umpteen times.
S Subbarama Reddi, MSc(Andhra), DIIT(IIT Kharagpur)