EOD Technical Analysis, CNX Nifty - 25 July 2012 - Welcome back, Golden Cross

Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:

CNX Nifty 50 - End of Day (EOD) Chart - 25 July, 2012.

              Above is the Day Chart - EOD - analyzing Data from May 2012, onward.                

Tommorow the 200 SMA and 50 SMA will cross Bullishly - see chart above.

The last two crosses of this critical MA combo - produced precious little for either Bulls or Bears in terms of Upside or Downside.

However one studies this cross, bearing in mind its popularity and therefore significance.

The Last Bearish Cross was accompanied by a Bullish 'Three outside up' on the EOW (click for post).

We therefore called (correctly) that its effect would be delayed.

This Bullish Cross or Golden Cross occurs with the Index taking support near the spot marking the cross.

The Index has also fallen heavily after a neat Pullback.

So one looks forward to the new Series and Month close, to call this one.

EOD Technical Analysis, CNX Nifty - 14 06 2012 - Bears Nudge Ahead...

Our previous EOD Analysis, examined the prospects of the Bulls and the Bears (click). 

Nifty 50: Short Term View (or) Day Chart, each candle is 1 week's price action  (or) EOD Chart: 

CNX Nifty 50 - End of Day (EOD) Chart - 14 June, 2012.

The Bearish Cross of the 50 SMA below the 200 DMA is good as done - see 'simplified' chart above. Death Cross happens tomorrow.. 

Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:    

CNX Nifty 50 - End of Week (EOW) Chart - 14 June, 2012.

The Bullish 'Three Outside Up' candle stick pattern (circled above), is off again - because the Nifty closed today at 5055 - just below last week's EOW close of 5068.

Bulls need to see this week's candle close comfortable above 5068 to stay in the game with above pattern.

Long Term is with the Bears now ... until the next Golden Cross....