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16303 minor hurdle to surpass to move ahead towards 16400+

 #nifty50 cmp 16280.

16303 spot level crucial to breakout to move higher levels towards 16400+ .

Yesterday nifty successfully breakout previous swing high 16275 spot and closed above it.

Due to global markets, today nifty opened little below previous close and successfully swing back to green zone.

On going upward move likely to continue further towards 16400+ from current levels.

Keep 16100 as strict stoploss for long positions.

regards,

suryadev bandari

research analyst


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