In the previous weekly note, it was categorically mentioned that the markets may resume their up move after a brief period of consolidation. Against the trading range of 390.35 points in the week before this one, Nifty moved 610.05 points this week as it added strength to its move. Among a few technically important things that took place, the one was that of the Nifty keeping its head above the crucial 16000 levels and then inching higher.