16050 is the strong resistance and is also a range for trendline breakout. Once the breakout is confirmed and sustained, we can see levels of 16410 - 16450. Today it might be possible considering the market movement and momentum after a volatile market for the past few days as the bank nifty has tried to break upwards while nifty has continuously gone down.
Comment:
OK. Trendline has touched. Let's see
Comment:
Looks like the target 16410 is a distant area. Fingers crossed