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Nifty Outlook for 11-04-2011

Nifty Daily Chart: Just to add on to the previous day's weekly outlook. I have added Bollinger Band study in the below chart, we can see that prices are off from the upper band and moving towards the mid line, we expect the same to be met in our target zone of 5750~5650. Also the volumes have been under pressure for a while, which i believe would recover once we are off from the mid band of BB.

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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