Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000

Nifty View

The Nifty has been falling in the last two trading sessions. The NSE benchmark seems to have found resistance at 16,414 and reversed south. Further, the markets have been highly volatile and choppy for last couple of weeks.

Last week, the Nifty managed to hold its level above Feb 2022 Bottom of 15,671 and made a higher bottom at 15,775. The recent swing…