If current supports 16188 & others 16065 to major 16000 holds then chances of bouncing possible 1st hurdle 16300 to 16400. Only above 16400 pull back resistances may be around 16500/555 to 16666/700. 16800 & 16888 very major Resistances.
On the down side :- Fresh negativity only below 16000 & that to be extended upto 15805—15686 & very major tentative level 15500.
Option data indicated that the Nifty could be seen in a wider trading range of 15500 to 17000 zone due to higher volatility.
India VIX settled at 31.98, the highest closing level since June 17, 2020, rising 30.31 percent.
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