Pathiyil's Outlook

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A Blog for Indian Stock Market

Sunday, February 27, 2011

Nifty Outlook for 28-02-2011 (Budget Day)

  7:55 PM    

Nifty is all set to face the Budget Day with weaker technicals. We have already communicated in the blog to go short/ hold short for our positional holders on friday. We expect wild swing during the hours of budget session, however we feel the opportunity is for the bears...

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Friday, February 25, 2011

Nifty Outlook for Budget Day

  2:56 PM    

Today Nifty provides an excellent opportunity to go short. Monday is the budget day, and going by the technicals, we recommend to hold short in Nifty with SL@5430 on closing basis. Predicting Nifty on D days are risky, however we feel the markets have the potential to...

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Thursday, February 24, 2011

Nifty Outlook for 24-02-2011

  7:46 AM    

Looking at the intraday chart, nifty is poised to make big move downwards. The momentum is picking up. There is a support seen at 5410; which is likely to break this morning. We are holding short on Nifty. For more intraday levels keep watching this space during market...

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Thursday, February 17, 2011

Nifty Outlook for 17-02-2011

  7:57 AM    

Nifty faces stiff resistance at the mid band of the bollinger band@5500. We expect the downside move in the index to resume at the earliest. For the day 5553 would act as a stiff resistan...

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Wednesday, February 16, 2011

Nifty Outlook for 16-02-2011

  8:24 AM    

Nifty moved higher, with lower volumes. The move might last till 5530. The next move lower towards new lows in nifty should resume at the earliest. Only risky traders be in the market for the day. For more keep watching the blog during trading hours.&nbs...

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Friday, February 11, 2011

Nifty Outlook for 11-02-2011

  8:57 AM    

Nifty is drifting lower and lower day by day. Bears have the upper hand until Nifty closes below 5350. Positional holders can hold short with SL@5350. For intraday one can sell Nifty@close~5266 with SL@53...

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Thursday, February 10, 2011

Reliance for 10-02-2011

  9:12 AM    

Reliance provides a good opportunity to go long as well as go short. Use the following levels for intraday. Buy Reliance (Spot) @ 899.73 with SL @ 884.80 AND/OR Sell Reliance (Spot) @ 929.48 with SL @ 944....

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Nifty Outlook for 10-02-2011

  6:58 AM    

Nifty has closed below the area of congestion for two consecutive days. This significes a break down in the price chart as well as continuation of down trend in process. Now the 5350 mark will act as a stiff resistance. We expect the prices to fall further towards 4760...

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Tuesday, February 8, 2011

Nifty Outlook for the day

  8:49 AM    

Nifty is caught up right in between the area of congestion for the sixth consecutive day. Few days more within this range and Nifty will break out of the range for more directional move. For the time being the range bound movement between 5350~5550 should hold. Positional...

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