Nifty Next 50 Technical Analysis | Research 360 by Motilal Oswal
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Nifty Next 50

Up
75407.80
+810.50 (+1.09%)
16:14 Oct 09
50.65

RSI

74547.98

50 SMA

65712.13

200 SMA

74485.6

50 EMA

66310.9

200 EMA

Bullish

9

Bearish

3

Period Value
5 Days 74999.5
10 Days 75351.45
20 Days 75421.19
Period Value
50 Days 74485.6
100 Days 71891.67
200 Days 66310.9

Technical

ADX (14)

20.14

ATR (14)

1218.15

RSI (14)

50.65

CCI (20)

-14.74

MACD (12,26,9)

109.34

Active Candlesticks
Shooting Star
  • Positive Indicator
  • Neutral Indicator
  • Negative Indicator

Pivot Point

75448.07

Resistance 1

75969.63

Resistance 2

76531.47

Resistance 3

77053.03

Support 1

74886.23

Support 2

74364.67

Support 3

73802.83

  • Positive Indicator
  • Neutral Indicator
  • Negative Indicator
1 Month

1.09

3 Month

1.12

1 Year

1.18

3 Year

1.03

Currency Market FAQs

Interest rates can affect currency rates significantly. Higher interest rates tend to attract more foreign investments, thereby increasing the demand for the domestic currency. This makes the domestic currency appreciate. Conversely, when the interest rates are lower, investors may seek better returns elsewhere, causing the domestic currency’s demand to fall and its value to depreciate.

Fundamentally, currency exchange rates represent the value of one currency in terms of another. These rates are determined by the demand and supply forces in the foreign exchange market. They are affected by many factors like economic indicators, political stability, trade balances and interest rates.

Currency exchange rates are crucial for various purposes like investments, international trade and even economic stability. They allow you to compare prices across countries, make global transactions possible and determine how economically competitive a nation is. Furthermore, exchange rates also impact inflation, tourism and FDI.

Market forces like demand and supply in the foreign exchange market primarily determine currency exchange rates. That said, central banks and governments also influence these rates indirectly through monetary policies and interest rate adjustments.

As of September 24, 2024, the Kuwaiti dinar (KWD) is the strongest currency in the world in terms of its exchange rate against the US dollar (USD). Currently, 1 KWD = 3.28 USD (or 274.12 INR). Other strong currencies in the world market include the Bahraini dinar (BHD), Omani rial (OMR) and Jordanian dinar (JOD).

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