What is NIFTY 50?
The NIFTY 50 is an index of the country’s top 50 companies by market capitalization that are listed on the National Stock Exchange (NSE). It is one of the two most referenced barometers used by investors to track how the “Indian stock market is doing”. The other is the Sensex – a similar index of 30 stocks managed by the Bombay Stock Exchange (BSE).
Question closes at 9.30 am GMT i..e. 3 pm IST
Resolves based on below website at 11.30 am GMT i.e. 5 pm IST -
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ108 | |
| 2 | Ṁ45 | |
| 3 | Ṁ42 | |
| 4 | Ṁ41 | |
| 5 | Ṁ19 |
On the basis of technical analysis (candlestick patterns) named inverted hammer and NIFTY 50 is taking major rejection at level 19400 in the last few weeks.
According to me, 19400 is a very important level, and the market closes on Thursday. So that's why I think NIFTY 50 (NIFTY) will close higher on October 5 than it closed on October 4.
