CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 11 March to 15 March, 2013 - Support turns Resistance...

Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 15 March'13

Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 15 March'13

Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 15 March'13

Learning from the Past Week: (click here for the post)

We saw '5919' the 76.4% Fibonacci retrace of the last low (Jan'12) from Nifty's all time high #1, as support last week.
Price stayed above this level on Monday last, Tuesday saw a close at 5914 - so 5919 had changed from Support to Resistance, as we have studied earlier and can see here, here or elsewhere.
For the rest of the week, Price repeatedly tried to close the day above the 5919 resistance and failed.
Thus Bears alert on Tuesday last, saw some honey.
Day channel #5, sees the Price reflecting from the channel top.

Position of the STS on the EOW, shows a possible Bull comeback #4.

Resisted by the 50 SMA on the EOD #5, price cracks below last week's support #1.

Looking Forward into the next Week:

Channel Middle (blue) and 34 EMA on the EOW, support Bulls #3.

50 SMA and 200 SMA, convergence towards a death cross to be watched #5.

Getting above 5919, the 76.4% Fibonacci retrace of the last low (Jan'12) from Nifty's all time high #1 - is important for Bulls to get a shot at new Highs.

On the day charts the 5 EMA moving below the 13 SMA, would trigger a fall next week #5.

Support line on the STS #4, to be watched. 

The 76.4% Fibonacci retrace (5919) of the last low (Jan'12) from Nifty's all time high #1, reverts to being the resistance and the 61.8% mark the support.