We assign a technical rating of 4 out of 10 to NFTY. In the last year, NFTY was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, NFTY does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.62, a Stop Loss order could be placed below this zone.
More info and screens
55.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.07 to 58.62. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 59.00 to 59.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @60.45 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for NFTY is neutral. |
| ChartMill Relative Strength | 59.05 | NEUTRAL | NFTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NFTY is below a declining 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) | 48.09 | NEUTRAL | The RSI value for NFTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NFTY has a negative trend. |
| Stochastics (14,3) | 52.46 | NEUTRAL | The Stochastics value for NFTY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for NFTY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for NFTY suggests a weak or negative trend. |
NASDAQ:NFTY (11/24/2025, 8:16:07 PM)
58.7692
-0.09 (-0.15%)
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 4 / 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 48.0871. 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 neutral.
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 58.62 and a resistance level at 59. Check the full technical report for our detailed analysis of NFTY support and resistance levels.