Nifty Spot EOD 13th August, 2014 - 30 Min

This upmove could be an x-wave after the 1st corrective on the downside or a-leg of g-wave up of the higher level diametric or the g-leg itself (if it crosses 7799.9 today). The g-leg often ends as a failure too. Bias is up hence cautiously optimistic.