As we analysed this since past week that nifty is trading at resistance and hence we can expect some rejection and down fall from here. Till then NIFTY fell for more than 250+ points in just 2 trading days but is heading towards important level of 16300-16350 which previously acted as a strong resistance and bull run was seen can now act as a good support and hence we can expect nifty to take some halt around those levels before falling further