Monthly view

Nifty 50 (8638)

Nifty has been in rally mode from last 5 months and now is consolidating near its positional resistance zones 
8600....8840..8860.

Here if it cools down to 8300..8100 will be a good entry zone  

With sl of .7940..7900

But if crosses above 8880 ..8920 it can show new high.