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Nifty Outlook for 24-02-2011

Looking at the intraday chart, nifty is poised to make big move downwards. The momentum is picking up. There is a support seen at 5410; which is likely to break this morning. We are holding short on Nifty. For more intraday levels keep watching this space during market hours.

For intraday SELL NIFTY@5470~5495 WITH SL@5511.


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Letter from Praveen Pathiyil

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