Just a quick look at hourly timeframe, I think Nifty can touch 16700 quite quickly. Also, this is a good time to evaluate if you want to stay in markets for a long time with minimal returns. Road ahead is a bit broken full of surprises. In long term, or very long term, things should be obviously better, but I have a feeling markets are not for the faint hearted going forward. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)