• In the week gone by, Index has breached 2 months long resistance level of 15900 levels and made all time high.

• Major contribution came from financial stocks.

• Financial service index was up by 4%. From a very short term perspective, Index has immediate support at 16200 level.

• Move below 16200 level can extend its fall upto 15900 level which is role reversal.

• Fall will be considered as a corrective decline move in a strong uptrend.

• Nifty bank is at the upper band of consolidation patch but retains its positive view.

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