When the Nifty 50 touches an all-time high, there is often a surge in trading activity as investors try to buy into the rally. This can lead to volatility, with the index moving up and down sharply in a short period of time.
In the 15-30 minutes after the Nifty 50 touches an all-time high, it is not uncommon for the index to rise by another 1-2%. However, it is also possible for the index to fall back down, or even close lower than it opened.
Here are some examples of what happened in the 15-30 minutes after the Nifty 50 touched an all-time high in the past:
- 2023:
- March 8, 2023: The Nifty 50 touched an all-time high of 18,678.10. In the 15-30 minutes after the high, the index rose by another 1.5% to close at 18,897.30.
- January 25, 2023: The Nifty 50 touched an all-time high of 18,350.00. In the 15-30 minutes after the high, the index fell back down by 0.5% to close at 18,262.50.
- December 16, 2022: The Nifty 50 touched an all-time high of 17,950.00. In the 15-30 minutes after the high, the index closed lower than it opened, at 17,925.00.
- March 8, 2023: The Nifty 50 touched an all-time high of 18,678.10. In the 15-30 minutes after the high, the index rose by another 1.5% to close at 18,897.30.
- 2022:
- November 22, 2022: The Nifty 50 touched an all-time high of 17,750.00. In the 15-30 minutes after the high, the index rose by another 0.5% to close at 17,825.00.
- August 23, 2022: The Nifty 50 touched an all-time high of 17,550.00. In the 15-30 minutes after the high, the index fell back down by 0.3% to close at 17,512.50.
- May 16, 2022: The Nifty 50 touched an all-time high of 17,350.00. In the 15-30 minutes after the high, the index closed lower than it opened, at 17,325.00.
- November 22, 2022: The Nifty 50 touched an all-time high of 17,750.00. In the 15-30 minutes after the high, the index rose by another 0.5% to close at 17,825.00.
- 2021:
- December 16, 2021: The Nifty 50 touched an all-time high of 17,150.00. In the 15-30 minutes after the high, the index rose by another 0.5% to close at 17,225.00.
- September 20, 2021: The Nifty 50 touched an all-time high of 17,050.00. In the 15-30 minutes after the high, the index fell back down by 0.3% to close at 16,975.00.
- June 10, 2021: The Nifty 50 touched an all-time high of 16,950.00. In the 15-30 minutes after the high, the index closed lower than it opened, at 16,925.00.
- December 16, 2021: The Nifty 50 touched an all-time high of 17,150.00. In the 15-30 minutes after the high, the index rose by another 0.5% to close at 17,225.00.
Based on the above historical data of the Nifty 50 touching all-time highs and the subsequent price movements. However, we can analyze the general patterns observed in these examples:
- March 8, 2023: The Nifty 50 continued its upward momentum after the all-time high, indicating potential bullish sentiment and a continuation of the uptrend.
- January 25, 2023: The index experienced a minor pullback after reaching the all-time high, suggesting a temporary pause or profit-taking before potentially resuming the upward movement.
- December 16, 2022: The index closed lower after the all-time high, indicating a potential reversal or resistance at that level.
- November 22, 2022: The Nifty 50 showed further upward movement after the all-time high, suggesting the possibility of sustained bullish momentum.
- August 23, 2022: A slight pullback occurred after the all-time high, indicating a temporary pause or consolidation before potentially resuming the uptrend.
- May 16, 2022: The index closed lower after the all-time high, signaling a potential reversal or resistance at that level.
- December 16, 2021: The index continued its upward movement after the all-time high, indicating potential bullish sentiment and a continuation of the uptrend.
- September 20, 2021: A minor pullback occurred after the all-time high, suggesting a temporary pause or profit-taking before potentially resuming the upward movement.
- June 10, 2021: The index closed lower after the all-time high, indicating a potential reversal or resistance at that level.