Skip to main content

Nifty Outlook for 27-04-2011

Nifty Daily Chart: Negative sloping trend line holds on good for the 8th time yesterday. Seems to me like nifty is struck between mid band of BB and negative trend line. BB is pinching giving us a clue that we are about to see a major move very soon. We need to get a good close above the negative trendline to gain momentum, RSI and MACD has room for validating the push.

Comments

Popular posts from this blog

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