Nifty:8497 (3month Daily chart for a closer look) on crossing above 8556 minimum target is 8670
A firm closing above 8556 is important. It is a confluence resistance. Watch the gap, the high5 EMA all etc. near 8550,
and never nifty successful to close firmly above the high5 EMA in all these fall from top. Contrarians says, So itt iss moving average