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Nifty Outlook for 22-03-2011

Nifty may bounce in the early session and march lower thereafter. Nifty need to complete the right triangle pattern before showing us a clear path for the near term. On the intraday front one can sell Nifty around 5400~5430 with SL at 5450 for a target of 5320.

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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