Nifty 50 is a benchmark index. Its current P/E (price to earning) ratio is 20.68, and PB ratio is 4.13. Dividend Yield for NIFTY is 1.4.
Support and Resistance Targets
These pivot points are useful to get an ideas of target, reversal or breakout levels. intraday daily target (03-Feb-2023), weekly and monthly share price target for Nifty 50.
| Target | Daily | This week | This Month |
|---|---|---|---|
| R3 | 17902.17 | 18468.52 | 18978.48 |
| R2 | 17778.03 | 18334.88 | 18615.22 |
| R1 | 17694.22 | 18113.42 | 18132.08 |
| PP | 17570.08 | 17979.78 | 17768.82 |
| S1 | 17486.27 | 17758.32 | 17285.68 |
| S2 | 17362.13 | 17624.68 | 16922.42 |
| S3 | 17278.32 | 17403.22 | 16439.28 |
As on 2023-02-02 NIFTY price closed at 17610.4. It fell 5.9 points from its previous day close of 17616.3. No one can predict or forcast the movement of the Index. But our estimated idea is that certain levels are important for the Nifty 50. Tomorrow if it moves upside then 17667.59 could act as Resistance point and if it moves downside then 17553.21 level could act as support. Check the other more SR levels where NIFTY could react.
Technical Indicators & Moving Averages
SMA = Daily Simple moving average, EMA = Daily exponential moving average, RSI = Relative Strength Index. Technical indicators are useful for traders.
Today Nifty 50 closed above the 30 days EMA.Today Nifty 50 closed below the 200 days EMA. RSI of HERIT-RE is in Mid Range. MFI is in oversold zone.