Nifty Outlook For Next Week

While commenting on Nifty Outlook Next Week, it has critical resistance zone around 5400-5450 whereas 5,300 is an important support level. An either side break out would confirm the future direction for short term. In case of a break down below 5,300, Nifty may come down till 5,233 and below that 5,190 is possible. In the event 5,400 is breached and sustained then we may see a retest of the recent high of 5,629 and higher levels in next few days.