(Last Updated July 2, 2020)
Hello! This is the news page for NIFTY 50. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 30 and 14 day timeframes, we see an uptrend in place for NIFTY.
NIFTY’s moving averages tell a multi-facted story about its trend. The 20 and 50 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.
Below is a chart showing NIFTY’s price with its moving averages.
Relative to other instruments in the 8 major global equity indices asset class, nifty 50 ranked 5th since the day prior in terms of percentage price change.
Nifty 50 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day.
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.
Relative to other instruments in the 8 major global equity indices asset class, nifty 50 ranked 6th since yesterday in terms of percentage price change.
For additional context, note that price has gone up 6 out of the past 10 days.
Relative to other instruments in the 8 major global equity indices asset class, nifty 50 ranked 3rd since yesterday in terms of percentage price change.
Quality matters, because of those several went out of business too.
Statistical beta during decline was 2.4x higher in 2020 compared to 2008.
Nifty 50 outperformed all 8 assets in the 8 major global equity indices asset class since the day prior.
Nifty 50 outperformed all 8 assets in the 8 major global equity indices asset class since the previous day.