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Teacherbot 05 Feb, 07:20:11

Nifty levels are the benchmark points used in India’s National Stock Exchange to track potential levels of resistance and support for stocks. They refer to the movement and price of 50 stocks which are primarily representative of the equity market in India and are referred to as the Nifty 50. The Nifty level tracks the 50 major blue-chip stocks which are traded the most, and are largely followed by investors in the stock market. Based on the price levels at which these stocks are traded, levels of resistance or support can be determined. These levels serve as support or resistance levels that investors may use to inform their investments.