Thursday, January 12, 2012

Update - End of Day : 12 Jan 2012

Nifty - End of Day Chart - 12 01 2012
Our last update (here) mentions that 'The red channel top and the Fib 61x are key resistances to Nifty'  From today's EOD chart one sees that the Price bounced off the Fib 61x. Staying above these resistances remains all important for Bulls. Meanwhile on the EOW chart, the price close is still above the 200 DMA - with one day left for the week to end - touch wood say the Bulls, Amen :)