NIFTY 50 4 Hour Price Update
Updated September 18, 2020 11:14 PM GMT (07:14 PM EST)
NIFTY 50 is down 0.3% (34.2) since the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. Relative to other instruments in the equity indices asset class, NIFTY 50 ranked 6th since the previous 4 hours in terms of percentage price change.
NIFTY 50 Daily Price Recap
The choppiness in the recent daily price action of NIFTY 50 continues; to start today, it came in at a price of 11516.1 US dollars, down 0.76% (88.45) since the day prior. Out of the 14 instruments in the equity indices asset class, NIFTY 50 ended up ranking 8th for the day in terms of price change relative to the day prior. 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 up over that time. For another vantage point, consider that NIFTY 50’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about NIFTY 50:
- From IndiaEtfs:
1 unit of Nifty 50 ETF is Rs.120.With 1 unit, you are able to buy India’s largest 50 companies – 15% of RIL, 10% HDFC bank & 5 % Infy, TCS etc. Buying a basket of 50 diversified companies.You could buy 1, 100 or 7511An investment product cannot be more simpler than this!
- From nishant10a:
@health_Zwealth @jaganmsna @RPGanesh11 More than 95% of listed companies be it PSU or private companies have kachra promoters. Be it Satyam or kingfisher or or educomp or suzlon or Banking PSUs or more. So better not to write abt promoters quality in market. Even the top Nifty 50 companies promoters have rigged prices
- From Dinesh_Sairam:
When my friends ask for stock tips, I used to tell them “Index in NIFTY 50 or NIFTY Next 50”. But lately, I’ve been telling them:1. Get the list of NIFTY 50 or NIFTY Next 50 stocks
2. Remove PSUs and Cyclicals
3. Remove bad Corporate Governance and High RiskSIP the rest.