Nifty Spot @2:22PM hovering around 8160. A support as shown in pic below, exists around 8170-8160. Any break and sustaining below it will take it to 8100-8090. And sustaining here can give bounce towards 8250.
Note: If it bounces today from here and scales 8250 or more , then structure remains positive for short term.
If breaks below 8150 and tests 8090-8050 then short term choppiness and weakness expected.
