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Midday Outlook Nifty (28-04-2011)

Nifty Intraday Chart: We can see a down channel in effect on the intraday chart. Today being FNO expiry, we might see moves up and down in late afternoon session. Nifty also holding on to the negative sloping trend line. A close below 5830 would make us to change the trend from Positive to Neutral.


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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