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Nifty took support at the said levels and recovered.It is forming an expanding diagonal triangle (pink) which is the preferred count.If so, expect market to pause/correct after zooming past or being bit short of 8181( shown in pink lines).

The second alternative count is very bullish if it happens which is given in yellow.Wait and watch 8181.

Strong support exists at 7422, even if correction occurs in case diagonal triangle is proved right.