Nifty -Support exists at 16500 and US market

Nifty has support at 16500 (closing-basis) and may move up to 17500 while Bank Nifty has support at 34000 and may move up to 37000, in the next few weeks.

S&P500 has support at 4550 (closing-basis) and may move up to 4650-4680-4700.