NIFTY 50 (NIFTY) Down $102.35 Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; is Inching Close to 20 Day Average

NIFTY 50 4 Hour Price Update

Updated September 14, 2020 11:14 PM GMT (07:14 PM EST)

NIFTY 50 closed the last 4 hour candle down 0.89% (102.35); this denotes the 2nd candle in a row a decrease has occurred. On a relative basis, NIFTY 50 was the worst performer out of all 14 of the assets in the equity indices asset class the current 4 hour candle.

NIFTY 50 Daily Price Recap

NIFTY 50 is up 0.13% (15.2) since yesterday, marking the 2nd day in a row it has gone up. Relative to other instruments in the equity indices asset class, NIFTY 50 ranked 7th since yesterday in terms of percentage price change. Below 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 up. Or to view things another way, note that out of the past 30 days NIFTY 50’s price has gone up 20 them. Also, candlestick traders! Note we see doji pattern appearing here as well.

Overheard on Twitter

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

  • From f2003062:

    @tony_gazillioni @Priyans48107837 @PradeepSrikant Those stocks are ever green stocks from nifty 50. I back tested 8 years of data and selected them. It would be great if u can find and let us know the dynamic way of stock selection that makes money in ORB on a longer time frame. Happy to update my document once u are ready

  • From BruniCharting:

    @allstarcharts @DilksJay INDY for exposure to large-caps (Nifty 50).INDA is still large-cap exposure but holds slightly more than the largest 50 stocks.SMID is the small and mid-cap index.Those are the most liquid ETFs outside of the handful of ADRs that offer individual equity exposure.

  • From vrk100:

    More second- and third-order effects:Assume more than Rs 40,000-crore or Rs 50,000-crore mutual fund assets would move from large-caps to small- and mid-caps in the next one or two months–which means pressure on large-cap stocks–leading to drop in Sensex and Nifty 50. 11/n