Nifty needs to stay above 15,800 to move towards 16,300: Analyst

[ad_1] technical and derivatives analysts see nifty This week support is being found at the level of 15,500. Analysts say that if the index stays above 15,800, then it can go towards 16,300 levels. Nifty closed 0.3% higher at 15,752.05 last week amid continuous selling overseas investors, Chandani derivatives analyst, Where is Nifty going? Nifty negated the formation of lower-highs of the last three weeks and hit 15,927 points, but the follow-up activity in the higher zones was missing. The mechanical indicators are giving a bullish crossover which indicates some…