 |
| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 04 Jan '13 |
 |
| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 04 Jan '13 |
 |
| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 04 Jan '13 |
Learning from the Past Week: (click here for the post)
As suggested last week - staying above our numbers 5870/80 the Bulls charged up (100 odd points).
The Three Outside up #1 gives the Bull, some rewards.
MACD and Signal lines cross Bullishly #5.
The EOD Channel's green bottom was used to stage the Bull charge, index is now near the channel's middle point #5.
The Short Fuse indicator starts Jan'13 with an uptick #2.
Staying above the 76.4% Fibonacci retrace of the last low (Jan'12) from Nifty's all time high #1 - Bulls are set to make a new all time high.
Looking Forward into the next Week:
Channel top on the EOW is near #3.
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.
Action of the STS is also worth a watch #3.
The performance of the 'Three Outside Up' #1 is also worth a study.
With all screens screaming green, Bears need help - channel tops on the EOD and EOW may help.
