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Overnight Stratergy for Nifty (07-03-2011)


Nifty is poised to close near the support level of 5465. Nifty needs to close below this level for more downside to follow; else there would be a intraday bounce in early sessions tomorrow before resuming the downward movement. For positional traders, HOLD NIFTY SHORT.

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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