Breach of 16,800 may take Nifty further down: Analysts

Following last weeks 3% decline, technical analysts say one should watch out for the 16,800 level. If the Nifty breaks below 16,800, it is likely to slide further down to 16,400- 16,600. The Nifty ended down 263.20 points, or 1.5%, at 16,985.20 on Friday. Banking and financial stocks could see further weakness.

via Economictimes