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Nifty Takes a Long Awaited Breakout of 16000

Updated: Sep 5, 2021

For the First time In History Nifty has Crossed 16000 levels and Reached an All time High Again.

Before reaching this levels Nifty had taken resistance at 15900 levels Multiple times resulting in a sideways Trend Formation.

If Nifty Sustains above the 16000 levels by EOD Then a big rally is expected in Coming days and we will have an bullish movement for August series.

Them Immediate Targets for Nifty Could be 16500 by End of Week and 17000+ in Next 2 weeks.

Note: Todays Closing above 16000 is very Important.

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