Price action encouraging for an up move.
Dollar - one of the strongest currency against any pair at the moment (except JPY) .. or shall I say the least weak of all weakening currencies?
As for the price action, there is room up to the previous resistance @ 100
Price structure is clearly week and making new lows.
This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs.
Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone.
For short term...