ZONE of RETRACEMENT or REVERSAL

Nifty shall consolidate in the range of 16700-16400 (+-100 points) in the next week...70% of the people will say this is a reversal ZONE and NIFTY will fall back to 15200 levels...but don't take any positions based on other's opinion...IF 16100 is broken then we may fall futhur but if nifty stays between the zone i mentioned above for another 1-2 weeks or break the zone...then we shall see 17500/18000/18600 levels in the coming weeks...I personally feel (80%) nifty shall not retest the lows...but its completely my opinion and I have the rights to be wrong...
Just follow the price...and be stock specific regardless of INDEX levels
I hope you liked my small update...
HAPPY TRADING :)