A good closing today in Nifty above important Fibonacci level of 22126. Now the next important Fibonacci resistances will be 22288 and 22495. Supports for Nifty will be 21999, 21828 and 21671. As of now Nifty seems to be making a higher high higher low kind of pattern and today seems to have given a good breakout but good follow up candle is pending. If we can get that a good follow up green candle tomorrow or later in the week if there is consolidation it will be very good signal for the bull rally and indicate that bull rally has not run out of steam and will continue further. IT/Auto/Mid/Small cap/ PSU/Pharma stocks are showing signs of fatigue but Bank Nifty, Finance, Energy, Media and Realty stocks kept the Nifty in Green today and helped it march ahead.
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