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Nifty Outlook for 07-04-2011

Nifty Daily Chart: As discussed yesterday in the overnight view, we need to watch out for today's action in nifty. Will Nifty hold on to the downward sloping trendline? RSI rolled over from the overbought zone yesterday while we need to see the sluggishness in MACD yet. Parameters are mixed and this morning session would give us better clarity.

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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