I AM UPDATING MY LAST POST ALONG WITH A NEW POSSIBILITY.IN BOTH CASES NIFTY IS BEARISH FOR SHORT TERM .IN FIRST POSSIBILITY NIFTY WILL FALL BELOW 7834 STRAIGHTAWAY WITHOUT BREAKING ABOVE 8882 AND THERE WILL BE A SHARP BOUNCE FROM NEW LOWS.THIS LOW CAN EXTEND TO MAXIMUN 7400 LEVELS.IN SECOND POSSIBILITY MARKET WOULD REMAIN SIDEWAYS AND 7834 SHOULD NOT BREAK ON IMMEDIATE SHORT TERM.