NIFTY Analysis

NIFTY:16201
SGXNIFTY:16048

For Swing Traders: 1. Inverted Flag and Pole Pattern
2. MT Outlook: Short Buildup
3. Breakout from the pole can bring correction up to (10-13)% from CMP

For Intraday Traders: 1. Taking support from Trendline
2. Support: 16190
3. Downside Targets: 16080, 15915, 15785
4. Resistance: 16495
5. Upside Targets: 16605, 16715-16760