Nifty could touch 16,900 if it sustains above 16,350

Technical and derivative analysts believe the Nifty is likely to continue its rally as long as it sustains above 16,350. They say the Nifty could head towards 16,900 if it sustains these levels. The index ended up 164.7 points, or 1%, at 16,529.10 on Friday, at a fresh record close after touching a high of 16,543.6 during the day.

via Economictimes