Nifty correcting towards support

Hi friends,

                   Nifty after few days sideways move went below the sideways ranfe on friday

it tested 7550 and closed below that ,Lets see the present structure of nifty.

Let me put the latest chart.

Looking at the chart we can see

a=c ie 7550 range has been broken 

so idealy nifty would target 7500 

level now ,ie c=1.6(a) which coincides

with gap filling also ,It would be early

to say if correction would be over

at 7500 or it would stretch we would

see how nifty reacts there.

Regards

Rish