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Nifty will move towards 7400

Bottom Line: We are in last leg of the first correction of our multi month Bull Run. We will not enter Bear trajectory until Nifty breaches and close below 6580 for three consecutive days.

Good Morning!

The correction isn’t over. Yesterday’s positive closing is just a relief rally that we witnessed and not the start of the next leg up. We are fast moving towards 7400 on the downside. Having expiry round the corner, we believe the haphazard move in markets to continue.

Once the correction is done, we are going to have wonderful opportunity to enter into sound stocks which could fetch 3 times or 4 times the present value. Stay patient until we are done with turbulent wave.

Safe Investing!


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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