Nifty opened with a small gap-up around 15830 and we saw a highly volatile morning session where Nifty made a high around 15900 and a low near 15800 but after consolidation, we saw the strength and Nifty tested 16000 level. This was a major supply zone and we took a short position at 15970 on average which easily gave the 50 - 60 points target.
Tomorrow, if the Nifty breaks 16030 on the upside, we can expect a further rally.
Expectations for Tomorrow: Positive Morning session, Volatality after 12 PM.