Nifty

Nifty has bounced back from past two trading sessions after a sharp decline . As long as Nifty is above 7900 medium term trend will remain up . Traders can buy call option for a target of 8100-8200 in short term . Stop loss will be daily close below 7900.

Gold

This is the weekly chart of Gold  where you can see that it is trading at important support level . Major support is at 25800 and if gold reaches then traders can consider long position .