Now what next??
Nifty closed at 7991 which is a very good close for the bounce back, as there is another support near the level 7968. If it bounces from these level we can see a small upside till 8100-8110 range from wher it will become again a sell if do not break it.
Now on downside if it breks the level 7968 then we can see a fall towards the level 7916. breaking that also we can see 7854/7803 levels.
SO, for next week
levels to watch- for above 8000 and for below 7968
Upside level we can see- 8042/8100-8110
Downside level we can see- 7915-7920/7850-7860/7800-7810.