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Nifty Outlook for 08-03-2011

Nifty bounced from intraday low around 5420 yesterday, which happens to be the 50% retracement of the previous leg up. Today Nifty need to manage to go below 5420 and closes below it, for further downside movement. For the morning session we advise the safe traders to book profits on shorts build on friday around 5430. We wil keep you posted for the next possible moves on Nifty. Keep watching this blog 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