NIFTY 50 (NIFTY) Down $59.5 On 4 Hour Chart, Tops All 8 major Global Equity Indices; But Still in a Downtrend Over Past 90 Days

NIFTY 50 4 Hour Price Update

Updated May 21, 2020 07:12 PM GMT (03:12 PM EST)

The end of a 5 four-hour candle positive run has come for NIFTY 50, which finished the previous 4 hours down 0.65% ($59.5). 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 the current 4 hour candle.

NIFTY 50 Daily Price Recap

NIFTY 50 is up 2.11% ($187.45) since yesterday, marking 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! Here is a daily price chart of NIFTY 50.

NIFTY 50 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 8 out of the past 14 days.

Overheard on Twitter

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

  • 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%”🤔😷

  • From NiveshakBharat:

    @TraderJK1 As per my Understanding
    1. Reference was made for Shorting in case of any small bounce (if occurs) rather than CMP
    2. It’s a Nifty 50, Highly Liquid Stock
    3. Tomorrow’s Closing candle should confirm Reversal if any
    4. If Reversal does not happen High Possibility of 1350

  • From VikShukla10:

    @RoadsOfMumbai @MutualFundNewz The crazy thing is both Nifty 50 and Nifty Next 50 indices have performed far better than this fund…whether bull or bear market. The 5-year absolute return of Nifty 50 is 11% and that of Nifty Next 50 is 16.5%. @passivefool