Index Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
First Trust India NIFTY 50 Equal Weight ETF (GIF:NFTY)
Long-Term Uptrend (+90) - NFTY is in a strong uptrend that is likely to continue. While NFTY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 6th, 2020 at 28.920
The intermediate-term trend has been UP since May 29th, 2020 at 26.305
The short-term trend has been UP since Aug 6th, 2020 at 30.031
Smart Scan Analysis for NFTY
Based on our trend formula, NFTY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).