Can Nifty Target 8900 ??

Nifty has formed triple divergence on the weekly charts with an upside target of 8900 in the medium term.
On hourly and daily charts a close above 8400 gives a similar target of 8850-8900.

Nifty Weekly

Nifty Daily

As of now, with the overhang of Greece, the targets look improbable. Any adverse newflow from the international markets can seriously jeopardise the upmove if the index fails to sustain above 8400, which may result in long unwinding.