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.
MarketClub’s Trade Triangles for NFTY
The long-term trend has been DOWN since Feb 3rd, 2020 at 34.282
The intermediate-term trend has been UP since May 29th, 2020 at 26.305
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).