Technical Analysis for NFTY - First Trust India Nifty 50 Equal Weight ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 57.45 | -0.33% | -0.19 |
NFTY closed down 0.33 percent on Friday, May 3, 2024, on 73 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Stochastic Reached Overbought | Strength | -0.33% | |
| Overbought Stochastic | Strength | -0.33% | |
| Crossed Above 20 DMA | Bullish | 0.56% | |
| Crossed Above 50 DMA | Bullish | 0.56% | |
| Pocket Pivot | Bullish Swing Setup | 0.56% | |
| Gapped Up | Strength | 0.56% |
| Alert | Time |
|---|---|
| Possible NR7 | 3 days ago |
| Possible Inside Day | 3 days ago |
| Gap Down Partially Closed | 3 days ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| Gapped Down (Partial) | 3 days ago |
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The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NIFTY 50 Equal Weight Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to track the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India ("NSE") by investing in all of the components of the NIFTY 50.
Keywords: Exchange Traded Fund ETF Stock Market Index Nifty 50 Index Nifty 50 Nifty
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Nifty 50 Index Nifty 50 Nifty
Top 10 Components
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 58.168 |
| 52 Week Low | 43.6087 |
| Average Volume | 28,693 |
| 200-Day Moving Average | 52.07 |
| 50-Day Moving Average | 56.77 |
| 20-Day Moving Average | 56.85 |
| 10-Day Moving Average | 57.12 |
| Average True Range | 0.60 |
| RSI (14) | 56.52 |
| ADX | 15.18 |
| +DI | 25.96 |
| -DI | 16.92 |
| Chandelier Exit (Long, 3 ATRs) | 56.15 |
| Chandelier Exit (Short, 3 ATRs) | 56.92 |
| Upper Bollinger Bands | 58.13 |
| Lower Bollinger Band | 55.57 |
| Percent B (%b) | 0.73 |
| BandWidth | 4.51 |
| MACD Line | 0.19 |
| MACD Signal Line | 0.11 |
| MACD Histogram | 0.0826 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 57.90 | ||||
| Resistance 3 (R3) | 57.85 | 57.65 | 57.83 | ||
| Resistance 2 (R2) | 57.65 | 57.54 | 57.68 | 57.80 | |
| Resistance 1 (R1) | 57.55 | 57.46 | 57.60 | 57.60 | 57.77 |
| Pivot Point | 57.35 | 57.35 | 57.38 | 57.38 | 57.35 |
| Support 1 (S1) | 57.25 | 57.24 | 57.30 | 57.30 | 57.13 |
| Support 2 (S2) | 57.05 | 57.16 | 57.08 | 57.10 | |
| Support 3 (S3) | 56.95 | 57.05 | 57.08 | ||
| Support 4 (S4) | 57.00 |
