Nifty opened with a gap-up and sustained above our buying level 16400 in the opening itself. It gave all the Targets on Buying side. Nifty is in a strong up-trend but the overall market doesn't look that strong, Mid-cap and Small-cap stocks are not performing up to that level.
For tomorrow, we can see another up-move if Nifty sustains above 16550 but buyers need to be cautious at upper levels and keep booking profits.