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Nifty Outlook for 05-04-2011

Nifty Daily Chart: Nifty looking queit strong on the daily chart. RSI has entered the overbought zone, however we still feel it has the potential to take nifty further upward. MACD too looking strong at the movement. However, we do not recomend to build fresh long at this moment, and request our positional holders who has build long to hold on with their position as per the SL guidance in the right tab.

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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