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Nifty Outlook for 04-04-2011

Nifty Daily Chart: Nifty showed first signs of weakness on friday after a week of upside movement. Nifty need to move lower and faster from here on, if this is the new start of a leg down. RSI supports this view however we do not see sluggishness in MACD. Well we would get a clear direction in Nifty in today's session.

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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