It looks like we may see a volatile session for next two days. Tomorrow,. NIFTY shall hit 16780 and may trade volatile. My view is based on the fact that today the range was within the opening and closing of yesterday. Today nifty opened gap down and went till yesterdays opening and later reached high nearer to the yesterdays high. You can see the candles of yesterday and today within a box. Looks like NIFTY will reach the said target of 16780 and trade volatile.
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