As had been witnessed yesterday, the Market was very volatile with a lot of fluctuations. However, the index somehow still continued trading in its predicted range of 15900-16400.
So, as of now we are still with our words. As for the index to come out of its confused range, we need to witness either a fresh breakout of above 16400 or a breakthrough down the immediate support level of 15900.
Till then, continue being stock specific and stay cautious.