As per the chart on hourly basis NIFTY is showing little bit bearishness. Though 16400 in spot will be next strong support zone where it took resistance for multiple times previously. Below this support area, it may fall towards 16200-16150 which is though not very strong support area before the major demand area as shown in the chart. On upside 16800 will strong resistance area, only above this one must try to go long for the target area 16960-17140.
Conclusion: Idea is to find shorting opportunity in NIFTY as per author's own view :)
Conclusion: Idea is to find shorting opportunity in NIFTY as per author's own view :)