Nifty Spot EOD Chart 7th October, 2014

2nd corrective has ended at 8180.2 with it g-leg as an extracting triangle. Now present downmove may be an x-wave or a Major downmove as the larger diametric G-leg, which time will tell. Nifty Spot is approaching a significant support zone between 7784-7822 and buying may be attempted in this range positionally for a probable retracement of the last downmove or for a new upmove may also start from here.