NIFTY 50 (NIFTY) Down $16.5 On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

NIFTY 50 4 Hour Price Update

Updated July 01, 2020 11:13 PM GMT (07:13 PM EST)

The choppiness in the recent four-hour candle price action of NIFTY 50 continues; to start the current 4 hour candle, it came in at a price of 10418.85 US dollars, down 0.16% (16.5) since the last 4 hour candle. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 5th since the last 4 hour candle in terms of percentage price change.

NIFTY 50 Daily Price Recap

NIFTY 50 is down 0.1% (10.3) since the day prior, marking the 2nd 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 6th for the day in terms of price change relative to the day prior. 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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that NIFTY 50’s price has gone up 19 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about NIFTY 50:

  • From Jaygaadi:

    @Mr_Chartist Sir i have been following your and @Rishikesh_ADX levels daily on Nifty 50 and BankNifty but i lack conviction and clarity of taking entry and exit. A humble request for a chart at EOD with enrty exit by you will help a lot if time permits.

  • From jay_b2427:

    Nifty 50
    Resistance – 10400 -10430
    Support 10270 – 10320
    Nifty Bank
    Resistance – 21800 – 22000
    Support 1 – 20800 – 21000
    Pidilite Sell Below 1370 T 1360 / 1350 SL 1381
    United Spirits Sell below 587 T 580 / 575 SL 592
    #nifty50 #banknifty #INTRADAY

  • From kkavish5:

    @Shashank_Shank2 @utimutualfund @AxisBank @IDBI_Bank @utimutualfund invest most of its fund in nifty and precisely in nifty 50 which is responsible in economy growth and nifty has a yearly conversion rate of 15% so its good to invest in nifty’s top company