Nifty Major Update ( 27-08-15)

Technical said, Long above 8330 & downside target 8100... But Nifty open below 8100 on Monday. We post on 29 June for expected target 8630 then 7600-7500 Link Nifty Major Update (29-06-15). Mostly people turned to bullish due to Nifty's 8630-8330 range in last 50 trading days. Breakdown start Bloodbath. Now, we are assuming that Nifty is bottom out at 7667. TJ's Ellipse & MOB & 100 Week EMA are indicating Bottom done for Wave 4. Now for long position keep Stoploss 7769 (Monday's low)  & Target 8900. We will update blog on any change in view.