A close above 16000 on Nifty in August series could pull the index towards 16400 – 16500: Mehul Kothari of AnandRathi

Rollover of Nifty stood at 82.76%, which is higher than its quarterly average of 76.06%. The high rollover figure is mainly due to the low base of open interest, says Kothari.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/a-close-above-16000niftyaugust-series-could-pullindex-towards-16400-–-16500-mehul-kotharianandrathi_15359501.html