Nifty-EOD Chart(03-Feb-2012):-
1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 123 Sessions sideways market between 4720-5229.
4- Closing at 5325.85 on 03-02-2012
1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)
All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.
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Technical Patterns and Formations in EOD charts
1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 123 Sessions sideways market between 4720-5229.
4- Closing at 5325.85 on 03-02-2012
Three Bullish cross overs on 01-02-2012
1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)
Conclusions from EOD chart analysis
All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.