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Midday Outlook for Nifty (17-03-2011)

Nifty has been moving forth and back within a range for the past few sessions; giving no clear cues about the future price action. Mr.Market always love to push prices into no man's land, leaving all bulls and bears in dilemma. Now the price action for the past few sessions have given us an important cue about the major price action to begin. The range in between 5538 and 5434 is critical. I personally believe a close above or below this range would decide the next major movement in Nifty. Am watching these levels very closely. Will keep you updated once this range is breached.
Apologies for not updating for the previous session and this morning; as I was held up in Bangalore. Keep watching this space for updates.


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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