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Overight View on Nifty (28-04-2011)

Nifty Intraday Chart: Nifty still moving on within the trend channel. This is first sign of bearishness. We will turn neutral in Nifty trend if Nifty closes below 5830; which is likely to happen. We are on the verge of a big fall if we fail to see a last lap surge in Nifty. At the moment we are looking for today's and this week's close.

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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