NIFTY 50 (NIFTY) Outperforms All 8 major Global Equity Indices, Heads Up For the 2nd Day In A Row; But Still in a Downtrend Over Past 90 Days

NIFTY 50 Daily Price Recap

NIFTY 50 closed yesterday up 2.11% ($187.45); this denotes the 2nd day in a row an increase has occurred. NIFTY 50 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Congrats to its holders! The daily price chart of NIFTY 50 below illustrates.

NIFTY 50 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days NIFTY 50’s price has gone down 8 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to NIFTY 50 for the past day were:

  • From LongviewEcon:

    “When stock market crashed in ’73, Nifty 50 defied gravity for a while, held up by institutional enthusiasm – created a 2-tiered market..Then, in memorable words of Forbes, they were taken out & shot 1 by 1. From 72/73 highs to ’74 lows, Xerox -71%, Avon -86%, & Polar’d -91%”๐Ÿค”๐Ÿ˜ท

  • From PriceVolumePro:

    @Sinnik84 @Mitesh_Engr Go thru nifty 50 stocks everyday for the next 30 days and put support and resistance daily. You’ll understand by yourself. There’s no magic pill.

  • From FrustrtdIndian:

    โ€œShow me one buy/sell that failed todayโ€ in Nifty 50 stocks thatโ€™s how powerful Bhoomi 2.0 is kudos to the team ๐Ÿ‘๐Ÿป๐Ÿ‘๐Ÿป๐Ÿ‘๐Ÿป@ecowiselabs @rakz_27 @nifty_analysis @RakeshKurakula