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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.

GIF_NFTY
Open High Low NFTY Price Change
30.261 30.261 30.261 30.261 0.000
Entry Signal

MarketClub’s Trade Triangles for NFTY

long term up The long-term trend has been UP since Jul 6th, 2020 at 28.920

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 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).

+90
Smart Scan Analysis for NFTY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.261 30.261 30.261 30.261 0.000
Prev. Close Volume Bid Ask Time
27.430 0 2020-08-10 00:01:31
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