 |
| Nifty - End of Day Chart - 30 12 2011 |
Our note at the previous post 'Looking forward' mentions two scenarios - the Bull scenario started off in the first half of the week and the Bear scenario took over in the second half - there was also a Bullish crossover of the 5 EMA to above the 13 SMA followed by a Bearish cross of the same averages this very same week as seen at the right end of the chart above. A hard fought week - Bears won.
