NIFTY 50 (NIFTY) Up $5.35 Over Past 4 Hours, Tops All equity indices; 2 Day Down Streak Ended

NIFTY 50 4 Hour Price Update

Updated September 11, 2020 03:14 PM GMT (11:14 AM EST)

NIFTY 50 entered the current 4 hour candle at 11440.15, up 0.05% ($5.35) from the last 4 hour candle. Relative to other instruments in the equity indices asset class, NIFTY 50 ranked 12th since the last 4 hour candle in terms of percentage price change.

NIFTY 50 Daily Price Recap

NIFTY 50 entered today at 11449.25, up 1.52% ($171.25) from yesterday. On a relative basis, today was pretty good: NIFTY 50 bested all 14 of the assets in the equity indices class 🙂 Below is a daily price chart of NIFTY 50.


NIFTY 50 Technical Analysis

Notably, NIFTY 50 crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days NIFTY 50’s price has gone up 5 them.

Overheard on Twitter

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

  • From IndiaEtfs:

    RIL most sold stock by mutual fund schemes in July, Aug.1. It’s the fund manger’s decision.
    2. Sebi guidelines do not allow actively managed funds to own more than 10% in a single stock.

    Stock is up 40% since then.RIL has a weight of 15% Nifty 50 (Index fund).

  • From VikShuklaTweets:

    With the quality of companies being added to indices like Nifty 50, it has become extremely difficult for active funds to beat the index, especially due to their high fees. “In investing, you get what you don’t pay for” – Jack Bogle

  • From SumitResearch:

    #RelianceIndustries McapAlmost Equal to Nifty Bank Approx Half of the Nifty 50Bigger Then 40 Comp Out of Nifty Next 50Equal To TCS+INFY+HCL TECH+WIPRO Combined#Reliance PP Standalone Mcap isLarger Then 10 nifty Comp Including
    Tata Motors
    Tata Steel