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Nifty Outlook for 13-04-2011

Nifty Daily Chart: I expect at the opening of today's session, we would enter into the target zone we have set for the week. RSI and MACD would also complete the pattern that we were discussing on weekly outlook earlier this Sunday. In today's chart I have added Keltner Channel to have a fair idea how far we pierce through the target zone. I expect the prices to move below the mid channel at 5719 and close above it today, to complete the pattern for the week. Safe positional traders can book profits at opening fall and risky kindly hold on until we update.


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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