As per my technical indicators, 8778 pivot is still intact...! The resistance level are at 8868 & 8928 ...!
But, please remember - as I told earlier, if any of the coming days NIFTY is managed to close the level 8958+, the rally will be on flash mode till it reaches 9200 ....!
On a Medium range - Macro level , The range is aligned to 8506-8521 zone, on lower range.....!
9200 + on higher range....!
For a short term, as long as 8700 is not broken, NIFTY shows bullish trend only....!
If we managed to close above 8868 , we will move towards 8958 , or else again back 8778 level...!
Do not get surprise, if the movement range is narrowed down once again..... between 8778 and 8958 range, for a while.... ! (Something similar to 8666 point....of one full month...!)
But, indicators suggest ONE big move before expiry....! Let us wait for the opportunity..!
But please remember - NIFTY is always NIFTY ....! When the whole world is expecting for 9000+, there can be a surprise package towards 8506...!
Keep watching closely , time not to be idle, if you hold positions....!
With kind regards,