As I indicated earlier , 7777 will act as a very crucial point.....!
On a higher side - if 7850 is not withstanding , this could bring back to 7777 immediately....!
On panic, the pricing action may further lead to 7700 to 7635 level....!
If 7702 is not broken, again expect the bounce towards 7777-7850...!
On a weekly closing basis, when we see NIFTY spot above 7921 , there will be a positive movement towards 8300 zone...!
In case 7635-7650 zone is touched in this month, use that opportunity to enter long....! There could be a flier of 150 to 200 points...!
On a Macro level : 7265 - 7485 - 7635 - 7777 - 7921 - 8165 - 8285 will be the key levels to watch & this will be helpful to align your positions accordingly...!
Have a great MAY series....!
With kind regards,