Update on Nifty Spot

Initial options data action suggests put writing at 7700 and may hold this expiry happening tomorrow. A bullish wolf wove is forming / has formed in 15 Min Chart of Nifty Spot should help reach Nifty reach 7820 and above in  next few days. Longs may be initiated after breakout above (i.e. Hourly Close Above) the falling hourly trendline, which is at 7756 now and is decreasing by about 5 points every hour.