Nifty charts showcase the beginning technical analysis of financial securities and stocks. The prediction about the price of the stock is based on these technical charts. The nifty chart is useful in the representation of index changes, related to the Nifty 50 which is listed on the NSE ( National Stock Exchange ).
Nifty chart and the Market data
With the help of a candlestick chart or the OHLC Chart, Nifty charts showcase the market data. These charts help investors in analyzing and manage their investment decisions strategically. These charts do a complete analysis of the 13 sectors of the Indian economy and give an accurate evaluation of the Indian corporate sector.
OHLC charts
OHLC (Open –high –low –close )chart represents the growth or flow of stocks and securities over time. The lines on this graph represent the highest and lowest prices of financial instruments over a particular period. For example, Increase in the stock prices of 50 companies listed in the NSE.
Candlestick Charts
These charts are used by stock traders to predict the growth or fall of prices based on records. They provide a visual representation of different movements of prices of stock, foreign currencies, and other financial instruments. They greatly help investors in their decision-making process by clearly showcasing the portfolio of the Indian market.
Nifty 50 and Nifty 100
Nifty 50 represents the 50 largest Indian companies, which are listed on the National stock exchange. The owner of Nifty 50 is NCE Indices which is a wholly-owned subsidiary of the organization NSE Strategic Investment and corporation limited.
The nifty 100 stocks list showcases 100 top Indian companies, which represent the major sectors of the Indian economy. It includes companies that are based on complete market capitalization from the Nifty 500. The performance of huge market capitalization companies is evaluated by the Nifty 100 index.
There are various benefits of the Nifty chart.
- Easy prediction: Determining and predicting about nifty is easy as compared to stocks. All the global and domestic market trends can be analyzed with the help of Nifty Charts.
- Detailed portfolio of stocks: Being a benchmark stock index, nifty Charts provide a full portfolio of stock prices and help investors in decision formulation.
- Diversity of the stock market: Nifty Charts helps to study the diversity of different stocks. It consists of the stock of the top 50 Indian companies and they belong to several sectors of the Indian economy.
Top 20 companies listed in Nifty 50
- Adani enterprises
- Bajaj Finance
- Britannia Inds
- Bajaj Finserv
- IndusInd Bank
- Bharti Airtel
- SBI
- ICICI Bank
- Divis Lab
- Eicher motors
- Larsen&Toubro
- ITC
- Reliance Industries
- JSW steel
- Dr . Reddys Lab
- Cipla
- Hindalco
- ONGC
- Titan Co
- Assess the market presence: Nifty Charts help to determine which stock holds more value in the market. It is a graphical representation of the price of different stocks.
Thus, nifty Charts are best for technical analysis of the stock market and different financial securities because this chart helps traders in making future analyses and decision regarding financial investment.