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Overnight View on Nifty (30-03-2011)

Nifty Intraday Chart: Nifty fails to move higher than 5804 the resistance level for the session. However the momentum towards downside is still lacking. We will get clear direction on Nifty in a day or two. Tomorrow being expiry, we expect Nifty to be volatile and provides good opportunity to go either way. Only Risky Positional Traders hold Long on Nifty, the rest can remain neutral in the market for the day.

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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