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| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 28 Dec '12 |
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| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 28 Dec '12 |
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| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 28 Dec '12 |
Learning from the Past Week: (click here for the post)
Bulls move the index above our mark 5880 giving the Bears some Settlement Blues - Jan'13 wall is 5870.
Earlier in the week, Bears made another dash at the 5825 mark - Bulls however denied them a Merry Feast.
The Month chart's Bullish Three Outside up #1 is back in the reckoning - one day to go, to know for sure.
Bearish Cross of the 5 EMA and 13 SMA is followed by a Bullish Cross #5.
The Short Fuse indicator continues to show a down tick all December #2.
The EOD channel's green bottom line is held by the Bulls - our Resistance line marked by the arrow above that, is held by the Bears see #5.
Looking Forward into the next Week:
Taking the index below our Wall for Jan'13 i.e. 5870, would be the next challenge for the Bears.
Bulls need to keep it above 5880, the Nov'12 Close to prevent a Bear Charge.
The 5 EMA 13 SMA re-cross on the EOD is a signal to watch #5.
Index staying above the 5 EMA on the EOW is critical for Bulls in the medium term #3.
MACD and Signal line could meet for some action again #6.
5870 and 5880 are the numbers that the New Year would see as critical - Bulls are poised for a charge, closing 2012, above these numbers..
