16700 target achived approx. Next higher targets 16850-900.

 Nifty almost achieved my expected target 16700.

Nifty successfully retested breakout level 16375 and got buying support there and bounced back to above 16635 yesterday and today recorded high 16699.70.

This rally likely to continue more towards 16850-900 level positionally.

Any dip is a buying opportunity.

Key supports 16535-450 zone.

Metals and Banking sector likely to outperform.


Suryadev Bandari

Research Analyst


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