Update

Nifty may not do much today from here. But Eod close for 

Nifty Future better if above 7884 and best if above 7907.
Nifty Spot Respective values are 7885 and 7898.

Update

Market may be closed tomorrow on Account of Mumbai Elections.

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.

Nifty Future Data Levels for 14th Oct, 2014

Nifty Future (Bias - Negative)
WEAK below 7881 and STRONG above 7902. 7901 is Day Shocker.  Day SAR is at 7997.  7937 (Sustaining Above)/ EOD close Above is First S/L for Shorts.
-- (7902-7910) - (7926-7931) - (7937-7945) - (7960-7966) - (7675-7679) -  (8000-8015) ++ 
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Banknifty Future (Bias - Positive)
WEAK below 15651 and STRONG above 15692. 15552 is Day Shocker. Day SAR is at 15735.  15595 (Sustaining below)/ EOD close Below is First S/L for longs.
--  15599 - 15633 - 15692 - (15740-15765) - 15786 - (15808-15814) - 15871 - 15928  ++
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