A hold above 16,700 to take Nifty to new highs: Analysts

Investors are advised to continue as long as 16,450 is not breached on closing basis for upward targets of 16,800 and 17,000. Traders can maintain stop-losses at 16,565 for long positions. One can look to buy Nifty September futures if there is dip around 16,600-16,650 for a positional target of 16,800 and 17,000 with stop-loss placed at 16,565.

via Economictimes