Nifty has risen spectacularly, taking every body by surprise. The rise today is maily attributable to bail out of Greece. One point to be noted is that the spectacular rise of nifty was on far less volumes(indicated by blue arrow) than that associated wiht the entire fall. Thus giving an indication that the up move lacs strength. If the up move was associated with volumes the we can bet on further sharp up move. But if the market is raising its raising no questions asked as market is always right. Nifty has to move above the sloping trend line drawn from the top then only we can assume that the up move has strength. if not then the dotted line might be the path of nifty.