Nifty Spot EOD Hourly Chart 13th Oct, 2014

f-leg may have ended as a contracting triangle as depicted in the chart, but would require the final confirmation with a faster retracement of 7972.35 by 2 trading days including today else it will have some more leg down as an a-b-c flat. The bullish crab in hourly chart supports the contracting triangle. 8030 / 8110 / 8190 are the possible initial targets.