I am assuming you are expert in wave theory, as I have seen your previous post.
I see new wave formation in development (15m chart),
wave 1 - 8284.85 - 8504.95
wave 2 - 8504.95 - 8399.20 (waiting for zig-zag formation to develop)
expecting Nifty to reach again 8450 and decline again to 8394.50, it would complete zig-zag pattern of wave 2.
*** wave 3 - start point - 8399.20 (or 8394.50 i.e. 50% retracement of wave 1)
expectation :- wave 3 target - 8860.62 (i.e. 261% of wave 1)
Trading point of view - buy Nifty future @ 8400 (april contract) or @ 8450 (may contract).
and also Nifty 8700PE @ 7 or 6 (april contract).
What do you think sir about the view?