A Bullish move from 8077 indicates that intermediate recovery is undergoing. as long as the bullish trend line respected NIFTY will move upto 8450(78.6% of C5). NIFTY has to spend more time now to complete its 5 wave journey. c51 is over now at7916 target for c52 is maximum 8450.let us think of remaining c53,c54 and the great c55 after some time
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AS expected wave B( 5 WAVES ) HAS TO RESPECT 8139 TREND LINE support .if it extends 8092.