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Friday, February 24, 2012

EOD Analysis CNX Nifty - 24 02 2012 - Bingo :) its Fibonacci Support

Nifty - End of Day Chart - 24 Feb 2012
With a low of 5406 and close at 5429 the Nifty took support at the Fibonnaci 74.6% (5414). 
It however remained below the 5454 that we saw strength for the Bulls at, in our last weekend's post (see Nifty - End of Day Chart (EOD) and Looking forward sections of the post here). 
Overall a decent consolidation - long pending and it very nicely took support at the Fib 76x.as we expected. 
Weekend posts are on their way...