Technical Analysis for NFTY - First Trust India Nifty 50 Equal Weight ETF

Grade Last Price % Change Price Change
C 55.92 -0.14% -0.08
NFTY closed down 0.14 percent on Wednesday, March 27, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Gapped Up Strength 0.00%
Gapped Up Strength -0.14%
50 DMA Support Bullish -0.05%
NR7 Range Contraction -0.05%
Narrow Range Bar Range Contraction -0.05%
Inside Day Range Contraction -0.05%
Oversold Stochastic Weakness -0.05%
Stochastic Buy Signal Bullish -0.11%
Up 3 Days in a Row Strength -0.11%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 16 hours ago
Gap Up Partially Closed about 20 hours ago
Gapped Up (Partial) about 21 hours ago
Gapped Up (Full) 2 days ago
Rose Above Previous Day's High 2 days ago

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Profile

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.
Classification

Keywords: Exchange Traded Fund ETF Stock Market Index Nifty 50 Index Nifty 50 Nifty

Top 10 Components

Symbol Grade Price % Change Allocation
IBN B 0.27 2.10
WIT D 0.71 2.03
HDB F 2.05 1.64

Is NFTY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.168
52 Week Low 41.625
Average Volume 32,954
200-Day Moving Average 50.81
50-Day Moving Average 56.00
20-Day Moving Average 56.57
10-Day Moving Average 55.93
Average True Range 0.56
RSI (14) 46.52
ADX 17.01
+DI 26.57
-DI 28.99
Chandelier Exit (Long, 3 ATRs) 56.47
Chandelier Exit (Short, 3 ATRs) 56.96
Upper Bollinger Bands 58.24
Lower Bollinger Band 54.90
Percent B (%b) 0.31
BandWidth 5.90
MACD Line -0.11
MACD Signal Line 0.03
MACD Histogram -0.1383
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.52
Resistance 3 (R3) 56.59 56.45 56.42
Resistance 2 (R2) 56.45 56.30 56.42 56.39
Resistance 1 (R1) 56.19 56.21 56.12 56.12 56.35
Pivot Point 56.05 56.05 56.02 56.02 56.05
Support 1 (S1) 55.79 55.90 55.72 55.72 55.49
Support 2 (S2) 55.65 55.81 55.62 55.45
Support 3 (S3) 55.39 55.65 55.42
Support 4 (S4) 55.32