Praveen Pathiyil’s Forecasts

Click below to read the article. http://www.dalaltimes.com/ article/market/top-5-reasons- why-i-say-niftys-correction- is-far-from-over-120742.aspx   Praveen Pathiyil

Let's analyse in depth the bank nifty for tonight. Stay tuned.

Bottom Line : We are in last leg of the first correction of our multi month Bull Run. We will not enter Bear trajectory until Nifty breaches and close below 6580 for three consecutive days. Good Morning! Mr. Market loves to play fool around with Bulls Bears and all analysts. This is what we stated last week and here he goes. Now Nifty is marching towards filing up the hard gap that we have witnessed in the month of August. What next? Even before we discuss what next, I wanted to discuss something i think is more important to read before analyzing markets. The topic for discussion is "Looking at the chart at different angles (time frame) ". Someone asked me this over the weekend, what would be done if different time frames gives different outlook. A very good question, I said now you have started to learn analyzing markets. Why? Unless a person looks at the chart in different time frames he is not going to understand what is happening or rather understand what is...

Bottom Line : We are in last leg of the first correction of our multi month Bull Run. We will not enter Bear trajectory until Nifty breaches and close below 6580 for three consecutive days. Good Morning! Just now the DOW closed, closed with big gains however closed this quarter on a losing streak. As some of you know, I analyse and trade DOW more than any other market. Let’s get into business. Am going to keep this post a bit longer. As we move towards a longer weekend, let us do the analysis bit deeper. Am going to take you through how a real analyst go through a chart with minute observations to arrive at some conclusion. It would be boring for some who doesn’t want to learn how to make money. It’s going to interesting for those who want to understand how a technical analyst observes a chart.   Firstly, let us pull up the longer term picture of Nifty – the monthly chart. Nifty – Monthly We can easily identify the long term upward sloping trend-l...

Technically speaking, governor's surprise announcement on the rate cut, hasn't changed the charts much. Nifty likely to continue zig zag moves in the session ahead. The rate cut would give us a positive impact on the longer run. Safe Investing!

Bottom Line : We are in last leg of the first correction of our multi month Bull Run. We will not enter Bear trajectory until Nifty breaches and close below 6580 for three consecutive days. Good Morning! Let us look at the Nifty chart first on a larger time frame before we proceed on in understanding what is going to happen in the next 2-3 days. Let us look at the main picture first. Looking at the main picture, it is very clear that we are still in the final leg of this correction. This could take more time before we break out of this correction. The reason why it is taking more time in getting us out of the correction zone is very simple; this correction is actually an accumulation phase. Looking very closely at the stocks of the broader market, one can understand one thing that people are accumulating good stocks on a daily basis taking leverage of the ongoing correction that we are witnessing. Though the broader markets may be moving down with each passing d...