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Nifty Outlook for 16-03-2011


Yesterday's move in Nifty has pushed the index into no man's land. We still feel a little push down towards 5300 would complete the correction in Nifty. Book profits at regular intervals until a clear movement in Nifty is identified. Positional Traders can hold short with SL at 5500 on today's closing basis.

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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