As per my technical indicators , the base of 7635 is so rigid.... & and it is likely to get a shift at 7777....! It is not extremely clear... but seems to be 50:50 chances...!
If 7777 is not formed , there are chances for NIFTY to come back to once again at 7635 level....!
If this week closing happens above 7920+ , assume that the shift is comfortably made towards 7777 & NIFTY has all the chances for crossing 8277 in the coming weeks...!
If, heavy sell off happens & profit booking made 7900-7850 level, then there could be swift sliding towards 7777 to 7635 zone...!
So, for the moment our short term indicators show us the level of 7777 - 7954 zone...! Our medium term is aligned between 7635 - 8150 zone...!
In overall, trend is changing from bullish to neutral and there could be a minor consolidation, before making the decisive move......! 7800 to 7885 acts as an important level, to watch out for bullish / bearish...!
If you are holding the positions, you can align them accordingly....!
with kind regards,