Last week nifty able to reach minimum retracement of 38.2% of wave A. RBI statement doesn't boosted nifty to rise further. we had 4 weeks of recovery and nifty is in over bought level.As everybody think of bullishness returned in NIFTY, we shall think contra.hence my view is Nifty will unfold its C wave of expanded flat that will bring Nifty to 8200 level.