Since Nifty has formed a double bottom and trading above it we can conclude that downfall has been arrested and it is in the mood of going up. Point is where is the next entry for long? I would watch the area around 8240 - 8260 for price action at that level.
Agreed. 8250 (8244) is a very good area to watch chart for confirming support. Keep it up your good work.
Regards