Nifty Outlook (16th Aug - 20th Aug)
===================================
Nifty Spot Closed @ 5452
Supports @ 5410-5350-5310
Resistances @ 5488-5555-5600
Trend Decider @ 5350 & 5488
Strong / Weak Above 5400. Overall Still little Bullish Above 5350 Spot. Nifty is facing Hurdle @ 5488, Closing above 5488 makes 5520-5555+. Overall Market Looks Range Bound between 5350 to 5488 which can be extended till 5555. Bank Nifty & Small/Mid Caps are moving better than Nifty 50.
" Trade with Levels not with Hope
Regards,
www.equityahead.com