NFTY Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

First Trust India Nifty 50 Equal Weight ETF (NFTY) Moving Averages Convergence Divergence (MACD) indicator is 0.24, suggesting NFTY is Strong buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 20-Day simple moving average is 53.62, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 60-Day simple moving average is 53.57, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

Technical Analysis for NFTY

Technical Sentiment Analysis for First Trust India Nifty 50 Equal Weight ETF (NFTY). As of 2026-07-07, First Trust India Nifty 50 Equal Weight ETF (NFTY) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 8 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NFTY stands at 54.47, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.24, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 69.34 and the Commodity Channel Index (CCI) at 68.83 further confirm a -0.42 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, NFTY is trading below its 60-day moving average of $53.57 and below its 200-day long-term moving average of $56.04. Key price levels to watch include the immediate resistance at $54.65 and strong support at $53.37. A break above $54.65 could signal a bull continuation, while falling below $53.37 may test the next Fibonacci floor at $52.74.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	52.09	52.74	53.37	54.02	54.65	55.3	55.93
Fibonacci	52.74	53.23	53.53	54.02	54.51	54.81	55.3

First Trust India Nifty 50 Equal Weight ETF (NFTY) Technical Indicators

2026-07-07

Name	Value
Relative Strength Index (RSI)	54.47
Stochastic Oscillator	69.34
Stochastic RSI	72.89
Commodity Channel Index (CCI)	68.83
Awesome Oscillator	0.62
Momentum	-0.42
MACD	0.24

First Trust India Nifty 50 Equal Weight ETF (NFTY) Relative Strength Index (RSI) is 54.47, creating a Neutral signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Stochastic Oscillator is 69.34, creating a Neutral signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Stochastic RSI is 72.89, creating a Neutral signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Commodity Channel Index (CCI) is 68.83, creating a Neutral signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Awesome Oscillator is 0.62, creating a Buy signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Momentum is -0.42, creating a Sell signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) MACD is 0.24, creating a Buy signal.

First Trust India Nifty 50 Equal Weight ETF (NFTY) Moving Average

2026-07-07

Period	Simple	Signal
5-Day	54	Buy
10-Day	53.99	Buy
20-Day	53.62	Buy
60-Day	53.57	Buy
200-Day	56.04	Sell
250-Day	56.43	Sell

First Trust India Nifty 50 Equal Weight ETF (NFTY) 5-Day simple moving average is 54, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 10-Day simple moving average is 53.99, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 20-Day simple moving average is 53.62, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 60-Day simple moving average is 53.57, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Buy.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 200-Day simple moving average is 56.04, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Sell.

First Trust India Nifty 50 Equal Weight ETF (NFTY) 250-Day simple moving average is 56.43, while First Trust India Nifty 50 Equal Weight ETF (NFTY) share price is $54.05, making it Sell.

Name

Pivot Points

Classic

52.09

52.74

53.37

54.02

54.65

55.3

55.93

Fibonacci

52.74

53.23

53.53

54.02

54.51

54.81

55.3

Name

Value

Relative Strength Index (RSI)

54.47

Stochastic Oscillator

69.34

Stochastic RSI

72.89

Commodity Channel Index (CCI)

68.83

Awesome Oscillator

0.62

Momentum

-0.42

MACD

0.24

Period

Simple

Signal

5-Day

Buy

10-Day

53.99

Buy

20-Day

53.62

Buy

60-Day

53.57

Buy

200-Day

56.04

Sell

250-Day

56.43

Sell