Yesterday, we had witnessed a gap down opening in the Index and thereafter an index wise recovery was also observed. However, such a recovery was missing in the case of most of the stocks. Hence, once again, we are in the mood for a stock specific selection even Today.
As of now, with the support zone of 15850-15580 on the downside, and a Resistance at around 16700 on the upper side, we are expecting to witness a bounce back rally in Nifty.