Nifty spot On the upside

By a Staff Reporter:  Nifty spot On the upside :- Intraday basis above 16340 initial hurdle 16412. Above that bulls will try move towards next hurdles 16484/500 & swing basis major 16555/600.Traders should cautious at higher if any whipsaw occurs from top.

On the down side :- Intraday basis below 16268 initial support 16197. Below that bears will try to move towards next supports 16155-16125 & swing basis break down supports are 16070--16000.Focus only on dips.

Options data indicated that the Nifty could remain in a wider trading range of 16000 to 16800 in the coming sessions.

India VIX was up by 3.68% to 22.03 levels, increased further.

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Source : Eureka

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