Nifty medium term view using Gann

Nifty has been in correction mode ever since it hit the High of 8180 on 08 Sep 2014, It has been in sideways choppy mode from that point of time.As discussed in our Facebook page we are seeing some big move coming in Nifty.
Using Gann 52 concept , classic technical Analysis I am putting forward the view till end of 2014, use the below view as an input to your trading/investing plan, Do not blindly follow the same.

1. Trendline Support

AS seen in above chart, Nifty is holding on to its trendline support and also 61.8% retracemetn @ 7784, low made was 7796 which signify bulls are still in control over market

2. Hammer Candlestick

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