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Technical Sentiment Analysis for First Trust India Nifty 50 Equal Weight ETF (NFTY). As of 2026-03-03, First Trust India Nifty 50 Equal Weight ETF (NFTY) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 2 indicators are flashing buy, while 11 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for NFTY stands at 32.95, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.25, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 20.36 and the Commodity Channel Index (CCI) at -352.09 further confirm a -3.14 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, NFTY is trading below its 60-day moving average of $57.62 and below its 200-day long-term moving average of $58.23. Key price levels to watch include the immediate resistance at $59.45 and strong support at $54.65. A break above $59.45 could signal a bull continuation, while falling below $54.65 may test the next Fibonacci floor at $51.82.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 49.85 | 51.82 | 54.65 | 56.62 | 59.45 | 61.42 | 64.24 |
| Fibonacci | 51.82 | 53.66 | 54.79 | 56.62 | 58.46 | 59.59 | 61.42 |
2026-03-03
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 32.95 |
| Stochastic Oscillator | 20.36 |
| Stochastic RSI | 31.35 |
| Commodity Channel Index (CCI) | -352.09 |
| Awesome Oscillator | -0.47 |
| Momentum | -3.14 |
| MACD | -0.25 |
2026-03-03
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 56.94 | Sell |
| 10-Day | 57.47 | Sell |
| 20-Day | 57.81 | Sell |
| 60-Day | 57.62 | Sell |
| 200-Day | 58.23 | Sell |
| 250-Day | 57.72 | Sell |