as per my analysis in nifty we will see a correction upto 16800 and from there it will take support of 200 M.A. and move upward till 18600 as we can see the RSI is on 80 (i.e. overbought zone) and also there is no good news (any) related to the Indian markets i dont think there is any breakout situation here(as per my analysis) but FII can make nifty breakout as we can see they are continuously buying from last 2 weeks NSE:NIFTY