Nifty 50 is a benchmark index. Its current P/E (price to earning) ratio is 21.81, and PB ratio is 4.38. Dividend Yield for NIFTY is 1.43.
Support and Resistance Targets
These pivot points are useful to get an ideas of target, reversal or breakout levels. intraday daily target (08-Jun-2023), weekly and monthly share price target for Nifty 50.
|Target||Daily||This week||This Month|
As on 2023-06-07 NIFTY price closed at 18726.4. It was up 127.4 points from its previous day close of 18599. 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 18754.71 could act as Resistance point and if it moves downside then 18698.09 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 below the 30 days EMA.Today Nifty 50 closed below the 200 days EMA. RSI of SIGMA is in overbought zone. MFI is in oversold zone.