Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

First Trust India NIFTY 50 Equal Weight ETF (GIF:NFTY)

Crossroads (+60) - NFTY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NFTY?

MarketClub looks at technical strength and momentum to determine if the timing is right for NFTY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_NFTY
Open High Low NFTY Price Change
26.157 27.175 26.157 27.172 +0.409
Entry Signal

MarketClub’s Trade Triangles for NFTY

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 34.282

intermediate term up The intermediate-term trend has been UP since May 29th, 2020 at 26.305

short term up The short-term trend has been UP since May 26th, 2020 at 25.132

Smart Scan Analysis for NFTY

Based on our trend formula, NFTY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NFTY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.157 27.175 26.157 27.172 +0.409
Prev. Close Volume Bid Ask Time
22.097 0 2020-06-01 19:15:04
Get a free daily analysis and signals for First Trust India NIFTY 50 Equal Weight ETF (NFTY) - Request Your Free Report.