NFTY First Trust India NIFTY 50 Equal Wtd ETF Forecast, Technical & Fundamental Analysis
NFTY's Stochastic Oscillator sits in oversold zone for 7 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NFTY's RSI Oscillator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NFTY advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 12, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on NFTY as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NFTY turned negative on February 21, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NFTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NFTY entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category WorldStock
NFTY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, NFTY has been closely correlated with INDA. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if NFTY jumps, then INDA could also see price increases.
| Ticker / NAME | Correlation To NFTY | 1D Price Change % | ||
|---|---|---|---|---|
| NFTY | 100% | -1.73% | ||
| INDA - NFTY | 90% Closely correlated | -1.56% | ||
| FLIN - NFTY | 90% Closely correlated | -1.57% | ||
| EPI - NFTY | 88% Closely correlated | -1.51% | ||
| INDY - NFTY | 87% Closely correlated | -1.50% | ||
| SMIN - NFTY | 75% Closely correlated | -1.90% |