Weekly Outlook Indian Stock Market (14-18 Dec)

Weekly Technicals
High: 5182.55
Low: 5051.55
Close: 5117.3
5Ema: 5042

Nifty pretty much traded within the range as mentioned in last week's outlook.

In the week ahead 5155 will determine nifty's fortunes. Trading above 5155 with volumes nifty future can move to 5208, 5240 and 5309.

For the coming week, last week's low of 5051 will act as strong support. IF 5051 is broken with volumes, nifty future can move to 4998, 4950 and 4900.

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