NIFTY 50 (NIFTY) Down 0.37%
Relative to other instruments in the equity indices asset class, nifty 50 ranked 10th since the day prior in terms of percentage price change.
(Last Updated January 23, 2021)
Welcome to the news page for NIFTY 50 (NIFTY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On NIFTY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NIFTY’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
At the moment, NIFTY’s price is up 156.65 (1.09%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NIFTY has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. NIFTY’s weekly price action over the past 52 weeks can be seen via the chart below.
Relative to other instruments in the equity indices asset class, nifty 50 ranked 10th since the day prior in terms of percentage price change.
This move is a reversal from the hour prior, which saw price move up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
This is the 2nd consecutive hour nifty 50 has seen its price head down.
Out of the 14 instruments in the equity indices asset class, nifty 50 ended up ranking 9th for the day in terms of price change relative to yesterday.
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Relative to other instruments in the equity indices asset class, nifty 50 ranked 4th since yesterday in terms of percentage price change.
It’s been a feast for bulls operating on an hourly timeframe, as nifty 50 has now gone up 4 of the past 5 hours.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Relative to other instruments in the equity indices asset class, nifty 50 ranked 11th since the day prior in terms of percentage price change.