Punjab beat Cape Cobras by seven wickets to finish on top of Group B.
"It was a good fightback with the ball and we did the job with the bat," Bailey said.
Talking about the PCA wicket, the Australian said, "It was a tired wicket, holding up a little bit and it was pretty clinical in the end."
Bailey was all praise for the young spinner Akshar Patel, who took three wickets for 15 runs and was declared Man of the Match.
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Bailey said other spinner Karanveer Singh and Patel gel well together.
"They bowl very beautifully together. I reckon he's (Patel) a little lucky tonight."
Stand-in Cobras captain Dane Vilas said they needed a better score on the board for a team like Punjab.
"We knew we had to put a big score with such a strong batting line up. We tried out best out there but unfortunately not good enough," he said.