Following conclusive line was told yesterday in Technical Analysis and Market Outlook(18-09-2014):-
up moves above today highest(7990) is firstly expected
As was told yesterday all that proved 100% accurate today and highest formation at 8051.35 today after strong recovery from lower levels.
Forceful up moves today and strong indication of correction completion also but multiple resistances up to 8170 therefore further up moves may be slow because fresh consolidation is firstly required for next up moves and same view that still Nifty will be understood side ways between 7924-8170. Let next 1/2 resistances cross then correction completion will be considered because many times Bearish markets remains highly volatile also.