Nifty View (Spot level Study)

If fails to move below 7671 spot (61.8% of the fall), then, chances of move towards  7996-8038  spot levels. I am expecting a range bound week  between 7996-7671 spot levels.  If breaks 7671 spot, then, expect a fall towards 7544 and then towards 7422 spot levels.
Crucial level of confirmation 7671 down side and 78171-7811 Up move.