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Midday Outlook on Nifty (08-04-2011)

Nifty Intraday Chart: Nifty was under pressure during the morning session and would be in the late afternoon session. I feel it might move towrds 5885-90 before it turns down again for the remaining day.
Just for your information: Did you notice a flash trade in early morning today??? Nifty was trading around 5899, within a flash it touched 5927 (28 points in a flash of a sec.) was also almost near our intraday SL.

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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