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Nifty Outlook for the Week

Nifty Daily Chart: Nifty showed some signs of sluggishness on Friday. I have drawn what might look like in nifty in the days to come. I feel Nifty will move a little down or sideways to burn off the over bought situation felt in RSI and resume back the rally. Ideal price range would be 5750~5650. MACD too have shown some sluggishness, however it has not turned negative. We will keep you posted on daily moves regularly.


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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