NIFTY 50 (NIFTY) Heads Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved up.
NIFTY 50
(Last Updated April 15, 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:
The Trend
As for trends on NIFTY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
NIFTY Moving Averages
The moving averages on NIFTY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a drop about 3 weeks prior.
Below is a chart showing NIFTY’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, NIFTY’s price is down -330.05 (-2.22%) from the week prior. NIFTY has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. As for the trend on the weekly timeframe, we see the clearest trend on the 20 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.
NIFTY 50 (NIFTY) 4 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Evening Star Pattern Appearing on Chart
Or to view things another way, note that out of the past 14 days nifty 50’s price has gone up 9 them.
NIFTY 50 (NIFTY) 4 Day Up Streak Broken, in an Uptrend Over Past 30 Days; Evening Star Pattern Appearing on Chart
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIFTY 50 (NIFTY) Moves Up For the 4th Straight Day, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NIFTY 50 (NIFTY) Up 0.08%, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NIFTY 50 (NIFTY) Up 0.39%, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, nifty 50 ranked 7th since the previous day in terms of percentage price change.
NIFTY 50 (NIFTY) Down 0.67%; in an Uptrend Over Past 30 Days
Relative to other instruments in the equity indices asset class, nifty 50 ranked 13th since yesterday in terms of percentage price change.
NIFTY 50 (NIFTY) Down 0.67%; in an Uptrend Over Past 30 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NIFTY 50 (NIFTY) Down 0.07%; in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
NIFTY 50 (NIFTY) Down 0.13%; in an Uptrend Over Past 30 Days
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.