NIFTY 50 (NIFTY) Up $55.5 On 4 Hour Chart, Started Today Down 0.74%; in a Downtrend Over Past 90 Days

NIFTY 50 4 Hour Price Update

Updated May 25, 2020 11:12 PM GMT (07:12 PM EST)

NIFTY 50 entered the current 4 hour candle at 9050.1, up 0.62% ($55.5) from the previous 4 hours. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 2nd since the previous 4 hours in terms of percentage price change.

NIFTY 50 Daily Price Recap

NIFTY 50 is down 0.74% (67) since the previous day, marking a reversal from the day prior — and the end of a 3 day positive run. Relative to other instruments in the 8 major global equity indices asset class, NIFTY 50 ranked 6th since the previous day in terms of percentage price change. The daily price chart of NIFTY 50 below illustrates.

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. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that NIFTY 50’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

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

  • From poojamalhotra21:

    @Mitesh_Engr For Nifty 50 stocks, there is only thing to make money, is to sell options,
    N50 is only designed for trading, for investments, think beyond n50, you will find better stocks with performing sectors.
    Seasonal investor never loose moneys compare to long term investors

  • From krupesh_B_Patel:

    @MyFnO
    Pl provide volume data of index (nifty 50, banknifty) based on script weitage in index for intraday.I.e Reliance-12%, Hdfc – 10% weitage in nifty, so according combine all 50 stock volume as nifty 50 Vol.This would be very effective for intraday analysis

  • From 3rdr3r:

    @PrashantmET Create Your own balance fund
    With Minimum Expenses or try smallcasešŸ˜1. Nifty 50 + Bharat Bond
    2. Nifty Next 50 + Bharat Bond
    3.S&P 500 + Bharat Bond
    4.Nasdaq 100 + Bharat Bond