(Last Updated September 21, 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 30 day timeframes, we see an uptrend in place for NIFTY.
The moving averages on NIFTY summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, implying a upward trend, aside from a drop about 6 months prior.
The chart below illustrates.
At the time of this writing, NIFTY’s price is up $40.5 (0.35%) from the week prior. NIFTY has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NIFTY. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 50 week changed directions on NIFTY; it is now pointing up. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows NIFTY’s price action over the past year.
For last 5 years even if you exclude covid the eps growth for nifty 50 index was 1.9%, large part of which was due to tax cut.
With 1 unit, you are able to buy india’s largest 50 companies – 15% of ril, 10% hdfc bank & 5 % infy, tcs etc.
Relative to other instruments in the equity indices asset class, nifty 50 ranked 4th since the previous day in terms of percentage price change.
I back tested 8 years of data and selected them.
I back tested 8 years of data and selected them.
I back tested 8 years of data and selected them.
Sebi guidelines do not allow actively managed funds to own more than 10% in a single stock.
Its include financial, energy, it, consumer goods, automobile,agriculture sector.
Out of the 8 instruments in the 8 major global equity indices asset class, nifty 50 ended up ranking 4th for the day in terms of price change relative to the previous day.
Those trading within the 8 major global equity indices asset class should know that nifty 50 was the worst performer in the class today.