As per my analysis, the nifty is in last upper leg. The max upper breakout is 16,150 level. I would add shorts at current market price 15,890 (spot) with a SL of 16,160 for target 15,550 and ultimate target 15,150
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I have a strong feeling that nifty will fall drastically this week itself. Let's see
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todays low 15644 as of now, if you took this trade than move your SL to your entry price i.e. 15,890 and wait patiently or book partial profits. Good luck.