(Last Updated May 25, 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 90 and 14 day timeframes, we see a downtrend in place for NIFTY.
Across several time periods between 20 and 200 days, the trend on NIFTY has remained consistently bearish.
The chart below illustrates.
Relative to other instruments in the 8 major global equity indices asset class, nifty 50 ranked 6th since the day prior in terms of percentage price change.
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.
Nifty 50 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday.
Then, in memorable words of forbes, they were taken out & shot 1 by 1.
Sundar, i’m a retired person n investing in shares of nifty 50 for long term.
Index funds give 8 to 10% returns if you have patience.
Have you checked perfomance of this combination for a index investor?
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Or to view things another way, note that out of the past 30 days nifty 50’s price has gone up 16 them.
The work me and my team does each december is so valuable.