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Nifty Outlook for 10-02-2011

Nifty has closed below the area of congestion for two consecutive days. This significes a break down in the price chart as well as continuation of down trend in process. Now the 5350 mark will act as a stiff resistance. We expect the prices to fall further towards 4760 mark in weeks to come. Positional holders who have build short with us @ 5900 levels are advised to hold short with 5350 as SL on closing basis.

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Dear friend, After a span of 4 years in minting money and establishing Pentad and Dalal Times, it's time for me to back with sharing knowledge. Earlier, I have been sharing my analysis on Nifty thrice a day, now I will be sharing my analysis on Nifty, Global Indices, Stocks, Commodities, Economy, Key Events and so on. Over the past 4 years, apart from creating wealth from markets, I have also been consistently upgrading my knowledge on analyzing the markets. Starting 17th August, 2015 this blog would be active with enhanced knowledge sharing. Stay tuned to earn, learn and understand markets better... your market friend & forecaster Praveen Pathiyil