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| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 31 May'13 |
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| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 31 May'13 |
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| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 31 May'13 |
Learning from the Past Week: (click here for the post)
Bulls avert a three outside down #3.
Bearish deflection of the 5 EMA and 13 SMA, on the EOD #5.
Position of the STS on the EOW, gave the Bulls support #4.
The Bears take the short term screen while Bulls remain above the 5 EMA on the Month chart #1.
MACD and its histogram tick down #6.
The short fuse indicator ends May in the oversold #2.
May month gifts Bears a Shooting star candlestick #1.
Bulls lose the short term screen #5.
Looking Forward into the next Week:
Bullish re-cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to stay above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5.
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Red EOW channel Top, next target for Bulls #3..
Volume divergence a ray of hope for bears #6.
Bulls look for a return of the up move - Bears see hope in a Shooting Star #1.
