Nifty 16568 - We mentioned in our Aug 17 posting that this breakout could be more possible of selling climax shakeout based on VSA analysis. It has been proved.
Aug 17- Nifty 16614 has closed above the resistance zone 16610. As volume was ultra and the breakout was during the last hour of trade, this could be more possible of a Selling Climax shakeout.