Have seen that level and also watched it in your market and made my thoughts about it. It seems 7640 Nifty market level was testing the nerves, the coolness and the trading plans of the Nifty traders, like this Elephant (7640 level in your case) did test this Tourist, which either had no plan, stayed cool and did nothing or did follow his plan as he was knowing that Elephants do such light attacks if they feel so: http://spon.de/vgsqW (You can turn off the sound as it is in German, but you surely understand what I posted by only seeing what is happening