Update on Nifty Spot

This has to rise above the falling channel resistance at 8515-8525 and trade comfortably. Nifty will be out of the woods thereafter otherwise the rally may be an x-wave after one set of a-b-c corrective. From the Month's prospective (today) Nifty may love to defend 8555 and from the Week's (tomorrow) 8469(approximately).