Nifty Share Price & Technicals

National Stock Exchange (NSE) developed as the first demutualized electronic exchange in India. In the year 1992, the advanced, automated and screen-based electronic trading platform was established in Mumbai. At present, in the position of Managing director and CEO, there is Vikram Limaye. Recently, in the year 2024, Nifty Share Price crossed 24,000 points and it is expected to see NIFTY at much higher marks very soon. The percentage of retail and institutional investors becomes high day by day. Trading has become more active these days. People make millions only from trading. Therefore, Nifty plays a quite significant role in the country’s economy.  Nifty comes with the easiest trading facilities for investors. This article will provide you with each and every detail of Nifty along with the background history, calculation process, and trading options, Nifty Share Price.

Nifty Share Price & Technicals

The movement of Nifty as a whole defines the overall movement of the broader market. So if Nifty moves up we tell that the market is moving up and if Nifty moves down we tell that the market is moving down. Therefore Nifty share price in the live market and Nifty technical analysis are very important to watch for every trader and technical analyst.

Hence, from time to time and in the live market we will update technical trading data for the Nifty index. The first table furnishes live prices of the indices. The second table furnishes all major pivot point calculations for the Nifty index. For usage of various pivot points check our calculators section. The third table furnishes hourly indicator analysis of the Nifty index and mainly for short-term swing traders and the fourth table furnishes hourly moving average analysis of the Nifty index and mainly for the long-term swing traders.

Nifty Technicals

Now let us present various technical figures of the Nifty index.

Today’s Pivot Points

Nifty Share Price Daily Chart

A Brief Historical Journey of Nifty

According to a recent analysis of April 2018, the National Stock Exchange holds a market capitalization of more than US$2.27 trillion along with the rank of the world’s 11th largest stock exchange. According to the estimation of Economic Times as of April 2018, 60 million retail investors had invested their savings in stocks in India. Many of the indices come under Nifty. Indices refer to a statistical measurement of a selected section in the stock market.

Among the indices, NIFTY 50 is the most popular index in India and was launched in 1996 by the NSE. Generally, investors follow NIFTY 50 to get an overall view of the stock market. When we use the term NIFTY, we generally talk about the NIFTY 50 index. The journey of Nifty Share Price from 1000 to 25,000 was not a smooth one.

What is NIFTY 50, and How Does it Form?

NIFTY 50 is considered the broader benchmark index of the NSE (National Stock Exchange). The index was formed, by comprising 51 different shares of the companies. It covers 12 different sectors of the economy. As of March 31, 2017, NIFTY represents about 62.9% of the free float market capitalization of the NSE stocks. From the NSE official site, you will get the entire details of NIFTY 50 stocks along with the sectorial division. From the 1000 level, it has crossed 10,000 milestones in the year 2016.

Calculation Methods of Nifty Share Price

If you know the formula of Nifty, the calculation process seems to be easy. In order to calculate the Nifty, two components are required, base year and base value. The base year is 1995 and the base value is 1000.

Nifty 50= (sum of Free Flow Market Capital of 50 most liquid stocks) x index factor
Index Value = Current Market Value / Base Market Capital * Base Index Value (1000)
Free Float Market Capitalization = Shares outstanding * Price * IWF (Investable Weight Factor)
IWF = (available float shares)/(total shares outstanding)

Components of Nifty 50

Conclusion

So, the above methods are the most applicable methods in the stock market. Apart from this, there are various trading methods in India but the above methods are the most applicable. Nifty not only shows the overview of the market position but also works as a trading tool. In Nifty, though NIFTY 50 is the best index to follow and anticipate the market fluctuations and price movements of stocks, there are other indices too. For example, Nifty Next Fifty, Nifty 100, Nifty 500, Bank Nifty, Nifty Pharma etc. In each sector, you will find the Nifty index for it.

The stock market is quite the biggest field in Indian economics. The article, Nifty Share Price and Technicals will guide you in every way to analyze the current market position. You can take Nifty Share Price as your base for trading in the stock market. Hence, Nifty Share Price plays a vital role here.