As expected strong upward retracement came. Although I was expecting it from 8540 level to 8700 it came from 8520 to 8680. Previously 8680 - 8700 was active support level. It will be interesting to see how NIFTY reacts tomorrow. i am expecting some retracement pull back tomorrow.
Down retracement came. Now final leg will try to touch the trend line somewhere near 8720 tomorrow.