CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 30 July to 03 August, 2012 - Bears hold a line..

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:  

CNX Nifty 50 - End of Month (EOM) Chart - 03 Aug, 2012

 Above is the Month Chart - EOM -  analyzing Data from 2008 onward.  





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 - 03 Aug, 2012.

 Above is the Week Chart - EOW -  analyzing Data from 2010 onward.  

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

CNX Nifty 50 - End of Day (EOD) Chart - 03 Aug, 2012.

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





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

Bulls did not close last month above the previous month's close. The Bullish 'Three outside Up' (1) is not on...

Bulls did however, keep the Bullish 5 EMA -13 SMA cross on the EOM (1) and 50 SMA - 200 SMA on EOD (5)alive.

We see that the index stayed above the 34 EMA - on the EOD, EOW & EOM.

A partial  'Advantage Bulls', gave us a green week.

Looking Forward into the next Week:

Bulls have started the month above the 5 EMA on the EOM (1), EOW (3) & EOD (5).

The resistance on the EOW - one needs to watch - is on the STS (4)

Bears would need to move the index below 5045 (wall) to make an impact.

Staying above the 5191 mark for the month give the Bulls power for August.

As its not completely 'Advantage Bulls' going into August - we still look for confirmation.

The index is resisted by the old EOD channel top and the middle blue line of current channel (5) - a line Bulls need to break to move up.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 16 July to 20 July, 2012 - Bulls eye Gold..

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:  

CNX Nifty 50 - End of Month (EOM) Chart - 27 July, 2012

          Above is the Month Chart - EOM -  analyzing Data from 2008 onward.                      

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 - 27 July, 2012.

             Above is the Week Chart - EOW -  analyzing Data from 2010 onward.                        

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

CNX Nifty 50 - End of Day (EOD) Chart - 27 July, 2012.

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

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

Nifty slipped below our Bull mark of 5208 early in the week and closed the week at 5100 - which happens to be the 34 EMA on the EOM.

Index went into a deep dive after breaking below the 34 EMA on the EOD and EOW - that we were watching.

The resistance line on the EOW (4), continues to hold back the Bulls.

Bulls eye GOLD, as the 50 SMA and 200 SMA produce a Golden Cross in the EOD.

Looking Forward into the next Week:

Bulls have to close July above last month's close (1), to make a Bullish 'Three outside up' pattern.

Bulls also need to keep the index above the 5015 mark, to retain the cross of the 5 EMA & 13 SMA as a Bullish one.

Bears would like to take the index below the current wall - 5045.

As watched for the previous week - one sees the 34 EMA on the EOM (1),  EOW (3) and EOD (5) - as the critical levels to monitor.

Advantage Bulls at month close, added to the Golden Cross's effect coming into play, means Bulls get their Gold...

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.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 11 June to 15 June, 2012 - The Long Term and other Terms

Learning from the Past Week:

Our last weekend study looked at the Death's Cross on the EOD and the Bullish 'Three Outside Up' on the EOW. click and click.

We got both.

Death's Cross is long term in nature.

Three Outside Up is a more immediate, medium term in nature. 

The net effect of these two signals would play out in the weeks to come.

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:   

CNX Nifty 50 - End of Month (EOM) Chart - 15 June, 2012. 

The Up-move of last week, brings the Month's candle's close above the 5 EMA and 34 EMA.

Were it not for the more popular Death Cross (EOD) - one would have called this screen Bullish.

As such, one now expects to see the 5 EMA cross bullishly above the 13 SMA - can happen this month above 5272.

We now look at the section marked 'EOW' and zoom into that price action below...

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 - 15 June, 2012.

The circle on the chart shows us the classic ' Three Outside Up' - We studied it in 'EOW' last week (click).

We also identified the support on the STS indicator - the week before.

The sum of the above would be a smile on the Bull's face, in the Medium Term.

The 13 SMA has crossed Bearishly below the 34 EMA.

We now take out the section marked 'EOD' to analyze as below...

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

CNX Nifty 50 - End of Day (EOD) Chart - 15 June, 2012.

The simplified EOD chart shows us that the 'Death Cross'  - 50 SMA going below the 200 SMA - is done.

While the long term Bull may stay away as a consequence, the short term Bulls had no reason to do so at the present stage.

The MACD is ticking into the plus.

Looking Forward into the Next Week:

The overhang of a Death Cross would be felt on the Index in due time.

Meanwhile the Bullish Pattern on the EOW should play out.

5272 would be a achievement for the Bulls before the month close.

So one sees that the Long Term Bear and the Medium / Short Term Bulls would slug it out next week.

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....

EOD Technical Analysis, CNX Nifty - 12 06 2012 - Death Cross or Golden Deflection ?

Nifty - End of Day - 06 June 2012

In our last weekend study we concluded that the EOW Candle pattern and EOD Channel break would define action this week (click - see ."Looking forward..")

We also noted that for the Death Cross (50 SMA going below 200 SMA) to be avoided, the Nifty would need to maintain a high rate of climb.

The EOD channel is breached and we have the new RBG (Red Blue Green) channel to track - as above.

The MACD is close to cracking the '0' line as seen in the bottom circle.

Closing EOD today (at 5116) being above the EOW close of last week (5068) - The Bullish 'Three Outside Up' is on.

We see that the volume is flat for this up move in the middle circle.

200 SMA and 50 SMA are shown in the first circle and they are now 12 points away from a 'Death Cross'.

Bulls look forward to a Golden Deflection and the 'Three outside up"

Bears watch the narrowing gap between the 50 SMA and 200 SMA with anticipation.

Bulls as the current favorites are just below the MVWAP 34 - EOW as of now.

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 21 May to 25 May, 2012 - Post consolidation moves..

Learning from the Past Week:

The Nifty stayed above the Fib61x on the EOD, and the 34 EMA crossed bearishly below the 200 DMA.

Both the above were studied by us last week, in 'Looking Forward' (click)

We had also smelled 'consolidation' in the air - our senses were accurate in that too.

Where after the consolidation? Up or Down? 

Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart:   

CNX Nifty 50 - End of Month (EOM) Chart - 25 May, 2012. 

Nifty EOM depicts the bearish 'Three Inside Down' and aftermath, in the last 4 candles (click)

The fourth candle shows us the real take for the Bears.

The S&P 500, also displayed the very same pattern (click), The Nifty is one candle ahead in the fall.

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 - 25 May, 2012.

Support on the 200 DMA is repeated last week.

After 4 red weeks we have a green week - Dawn?

The long tail of this week's candle, indicates Bull resilience.

Channel Median contains the close.

 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 - 25 May, 2012.

The 34 EMA/200 DMA cross is shown in the first circle - also seen is the 50 EMA.

We shall replace the 200 DMA and 50 EMA with SMAs for simplicity, from next week.

With 200 SMA at 5072 and 50 SMA at 5154 on Friday last - Current Golden Cross can continue or we have a Death's cross, if these MAs close the 80 point gap, and cross each other.

The second circle shows the consolidation on the last 5 candles (1 week), above the Fib 61x.

The Bullish cross of the 5 EMA above the 13 SMA, can happen on Monday with a close above 4909.

The MACD histogram has finally peeked above the zero line as seen in the third circle.

Looking Forward into the next Week:

Staying above the 5 EMA on the EOD - the Bulls can take the Index up to the 200 DMA before settlement.

Falling below the Fib 61x on EOD screen or the 200 DMA on EOW screen - resumes the down trend.

Neither of the above means, more consolidation.

Bulls are current favorites.

Weekend updates shall be up.

EOD Technical Analysis, CNX Nifty - 22 May 2012 - Long Term Crosses and Deflections

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

Nifty - End of Day - 22 May 2012    

In our weekend analysis (click) we saw support on the Fibonacci 61.8%, as seen on EOD chart above.

We also studied that, the deflection of the 34 EMA and 200 DMA would be a plus from long term perspective.

As seen in the first circle - the above MAs are touching at end of trade today (2 points away from crossing).

The more famous Golden Cross refers to the 50 EMA and 200 DMA cross - the 50 EMA in pink is also shown above. 

Meanwhile the Nifty is consolidating above the Fib61x - second circle.

The MACD looks like its bottoming out - third circle.

Nifty therefore has to take off above today's close - if the Bulls have to see bright, long term future.

If that does not happen - the 50 EMA & 200 DMA (Golden Cross) should deflect in the days to come (for the Bulls to let out a LONG sigh of relief).

We shall watch that space.