Praveen Pathiyil’s Forecasts

Good Morning! Most of you who are following this blog would love to know the answer today for the question: Is the correction that we are witnessing for the past six months is over? We will definitely answer this by end of this post. However, to start off with, I think one must have a better clarity on correction and counter trend. If you were to watch a business channel and listen to analyst’s appearing in different shows, tend to give different numbers and differ in opinion. Some say, it’s a correction, some others would opinion that the trend has changed and few others would say “adopt a wait and watch policy as there is no trend”. It might be confusing for a person who do not understand technical’s, and might be in a dilemma as to whose view is correct. I would say it’s the perception that differs among analysts. With more than 10,000 indicators, numerous time frames which makes the chartist to look at the same chart, different perception emerges. If you were to observe a...

Good Morning! It has been years since I have updated my views on Nifty through this blog. In the past four years things have changed dramatically, especially for the stock market. Nifty which had been struck in a range, have broken out and had witnessed a steady rally since then. For this reason, even before I start blogging Nifty daily updates, let me update you on the longer term view and intermediate view on it. Along with Nifty updates, starting next month, I will also start sharing my views on stocks, currencies and commodities. Nifty – Long term outlook Let’s look at the Nifty’s monthly chart to understand the long term outlook. Many technical analyst consider December 2013 as a break out month, but for me it’s month of September when things (especially technical indicators that I look out for) have started moving on the positive note. Ever since September 2013 when this current rally began, Nifty had been making impressive moves favouring the bulls. The multi...

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

Nifty Daily Chart : Nifty hit the first resistance level and still looking strong.

Nifty Daily Chart : Impressive move yesterday. As I said for the past two days, Nifty gaining ground and also momentum. Am watching out for Nifty to touch cluster resistance area for Nifty and to get a clarity on the next major move. All am looking at for the moment is: Will Nifty manage to hit the higher resistance line marked in green and close the gap? In all probable case it should. RSI has yet again marked another bullish divergence; BB has turned towards upside and MACD is still looking strong. In all probable case it should be a smooth drive for the Bulls for the rest of the week.

Nifty Daily Chart : No change in the nifty outlook, with the price action yesterday. Nifty could face resistance before a major move is determined.

Nifty Daily Chart : Nifty is gaining ground and moving solidly towards the cluster resistance area. A little push up and we would get much better clarity on the next major move.