|Nifty - End of Day Chart - 15 Feb 2012|
In the last post we wished for a more convincing close above the Fib76x (than the 2 point plus we got yesterday) - as seen above the price has closed well above the Fix 76x and almost at the Channel top (red line is approx. 5555 at this time). Range is as shown with the arrows. The MACD is also worth a look.