NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling.NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly.
On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
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