 |
| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 11 Jan '13 |
 |
| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 11 Jan '13 |
 |
| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 11 Jan '13 |
Learning from the Past Week: (click here for the post)
Bears get a Red Candle #3 last week.
Revised channel #5 with the arrows, show us the resistance and supports to watch out for next week.
MACD and Signal lines re-cross Bearishly #6.
Revised channel #5 with the arrows, show us the resistance and supports to watch out for next week.
MACD and Signal lines re-cross Bearishly #6.
The Short Fuse indicator for Jan'13 shows an uptick #2.
The High made by the indicator #6 is at divergence with the High made by the Price line #5.
Staying above the 76.4% Fibonacci retrace of the last low (Jan'12) from Nifty's all time high #1 - Bulls are still good for a shot at new Highs.
Looking Forward into the next Week:
Channel top on the EOW a major resistance, is close #3.
The 5 EMA 13 SMA bearish 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 #4.
Divergence on the Short term charts are a ray of hope for the Bears in what is otherwise an all Green show - watch if the 5 EMA crosses the 13 SMA Bearishly early next week..
