Wednesday, February 22, 2012

EOD Analysis CNX Nifty - 22 02 2012 - Channel Top Resistance

Nifty - End of Day Chart - 22 Feb 2012
With our weekend analysis (see 'Looking Forward' here) showing that Nifty faced resistance of a weekly and daily channel TOP - we smelled the consolidation in the air. The Bears made an easy 100 points today. Now to see the follow up - if the Fib 76x holds up the fall.