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Overnight View on Nifty (18-03-2011)


As we expected earlier in this week, nifty has taken the support around 5360. If nifty closes below 5434 and if nifty manages to break below 5340, we can see heavy selling over the weeks to come. Only risky traders create short position again in Nifty, for safe traders it is advisable to wait for the close below the lower range today. We are holding short in Nifty.

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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