NIFTY 50 (NIFTY) Up 0.57%, in an Uptrend Over Past 30 Days; Eyes 20 Day Average

NIFTY 50 Daily Price Recap

9251.5 was the closing price of the day for NIFTY 50, resulting in today being one in which price moved up 0.57% ($52.45) from yesterday. On a relative basis, NIFTY 50 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Here 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 90 day timeframe, which shows price moving down over that time. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 30 days NIFTY 50’s price has gone up 17 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 RahulMaini18:

    @1shankarsharma U r right. Work startd. Monday d rockt wil take off n d Nifty 50 / Sensex. Tighten ur seatbelts for an unseen meteoric ride. Dis ride wil take u from 1560 to 6000 in a jiffy. Enjoy d ride. Oh also renember ppl do not hav money 2 buy food but wil consume data in near term big time

  • From Saileshghoks:

    @ctitaduck To Manage so many stocks in portfolio might be risky instead better to buy Nifty index fund via MF – if ur keen on tracking stocks then fine if not better to hold Nifty index fund as majority of ur stock selection is from Nifty 50

  • From shivammitra4:

    Really impressed with the stocks selection of Parakh Parikh Long Term Equity Fund 👏👏 @PPFAS Other funds where I am investing my money:
    1. Axis Long Term Equity Fund
    2. Aditya Birla Tax Relief 96 fund
    3. UTI Nifty 50 Index Fund
    4. UTI Nifty Next 50 Index Fund #Investment