Angel Broking: The trend deciding level for the day is 16,999/5,126 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 17,239-17,488/5,197-5,276 levels.
However, if Nifty trades below 16,999/5,126 levels for the first half-an-hour of trade then it may correct up to 16,750-16,511/ 5,047-4,975 levels.