FIRST TRUST INDIA NIFTY 50 E (NFTY) Stock Technical Analysis
USA - NASDAQ:NFTY - US33737J8027 - ETF
Overall NFTY gets a technical rating of 8 out of 10. Although NFTY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although NFTY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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51.16
3 important support areas can be observed.
- A support zone ranging from 57.57 to 59.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.80 from a horizontal line in the daily time frame.
- A support zone ranging from 51.68 to 52.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.20 to 60.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NFTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFTY is up. |
| ChartMill Relative Strength | 40.13 | NEUTRAL | NFTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.63 | NEUTRAL | The RSI value for NFTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests NFTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.13 | OVERBOUGHT | The high Stochastics value suggests NFTY may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for NFTY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.47 | NEUTRAL | The ADX value for NFTY suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.46 | 57.47 | 2.99 (4.95%) | 20.22% |
| An entry @60.46. This is a Buy Stop order right above the resistance zone. | An exit @57.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.99 points, which is 4.95%. | For a 1.00% total portfolio risk, you can invest 20.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:NFTY (10/24/2025, 8:00:01 PM)
59.6061
-0.41 (-0.68%)
FIRST TRUST INDIA NIFTY 50 E / NFTY FAQ
What is the ChartMill technical rating of FIRST TRUST INDIA NIFTY 50 E (NFTY) stock?
ChartMill assigns a technical rating of 8 / 10 to NFTY.
What is the trend direction for NFTY stock?
The current trend direction for FIRST TRUST INDIA NIFTY 50 E (NFTY) is Bullish.
Can you provide the RSI signal for FIRST TRUST INDIA NIFTY 50 E?
FIRST TRUST INDIA NIFTY 50 E (NFTY) has an RSI value of 60.6272. This indicates that the stock is currently neutral.
What is the short term momentum for NFTY stock?
The short term momentum for FIRST TRUST INDIA NIFTY 50 E (NFTY) is positive.
What are the support and resistance levels for FIRST TRUST INDIA NIFTY 50 E (NFTY) stock?
FIRST TRUST INDIA NIFTY 50 E (NFTY) has a support level at 59.23 and a resistance level at 60.2. Check the full technical report for our detailed analysis of NFTY support and resistance levels.