Nifty closed on a very positive note but due to Dow Jones correcting we are expecting nifty to open around 16860 levels which is also our weekly support.
In case if 19860 support is taken out with resistance confirmation we can anticipate 16750-16700 levels where we can anticipate a possible buying interest.
On the upside 16970 is a good resistance to watch out , a break out above this we can anticipate 17100-17150 levels.