Technical analysts expect the Nifty to move in a range of 15,500 and 15,950 in the short term. A sustainable move above 15,950 will be keenly watched as it would then accelerate the index towards 16,300 levels, said analysts. The Nifty fell 0.4% to close at 15.856.05 last week but outperformed most regional peers except Indonesia, Singapore and Malaysia. Analysts said Zomato may see some more buying following a 65% jump on its listing day on Friday. Dharmesh Shah, Head - Technicals, ICICI Securities Where is the Nifty headed? A decisive breach above 15,950 backed by firm global cues and multisector participation would lead to a breakout from a six-week range and accelerate the momentum to 16,300 levels in the coming month. For the coming week, a lack of decisive breach above 15,950 would lead to extended consolidation in the 15,600-15,950 band with stock specific action as we progress through earnings season and monthly expiry.