Nifty 50 (NIFTY.NDX)

Close: 23 907.00 (+557.35), Nov 22, 2024
Hold

Liquidity risk: Volatility risk:

Overall analysis

Nifty 50 is technically negative for the short term, but positive for the medium and long term.

Recommendation one to six months: Hold

Short term

Nifty 50 has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index has met the objective at 23450 after the break of the head and shoulders formation. The price has now risen again, but the formation indicates a further fall. The index is testing resistance at points 24000. This could give a negative reaction, but an upward breakthrough of points 24000 means a positive signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Nifty 50 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 22000 and resistance at points 25000. The index is assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Nifty 50 has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 18600 and resistance at points 26200. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.54%367.56+2.39%
5 days42.181.84%321.28+1.48%
22 days30.404.92%298.43-3.81%
66 days3.2810.15%292.76-2.58%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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