Nifty Chart

                                EXACTLY bounced from 161.8% of the swing 8654-7769
                                with Bull GAP of 19 points.

                                So minimum bounce back possible up to 0% (7769) and MAX
                                Target of 8100+(38.2%) both the tgts are positional.

                                Intra analysis : Small hurdles are around 7462-69, Negative
                                Trend line breakout.  Close above 7470 will be good for bulls.

                                7556 next negative breakout resistance [weekly]

                                wait and watch.

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