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Midday Outlook on Nifty (04-04-2011)

Nifty Intraday Chart: Seems to be another day of sideways movement. The interesting fact on the intraday chart is that the RSI is griding lower, however the prices stalls within a fixed range. This could lead to the continuation of further upside movement in Nifty. If Nifty has to fall it should fall today and fall harder.

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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