Nifty Outlook: Since last three days nifty if trading in a tight range of 100 points if nifty breakout above 8100 and sustains there for atleast an hour then we can see further up move till 8225. RSI is suggesting that if Red moving average crosses green then the uptrend will be confirmed. Also nifty retraced to 38.2% level of last swing from 7539 to 8336, if nifty holds 8031 on a closing basis then we can see it will be heading towards its first resistance level of 8148 and then 8225
