As analyzed, Nifty sustained above 16650 and we got our first Target on the buying side but as mentioned we saw a good rejection from 16700 levels, Nifty came down from 16712 to 16630 in just 15-20 mins.
For tomorrow, if we open with Gap-up again be cautious in the 16700 - 16720 zone as we can see the rejection. We have a weekly and monthly expiry tomorrow so Option Buyers be cautious.
Expectations for Tomorrow: Rang-bound day, Volatility after 1:30 PM.