Nifty outlook for 11th to 15th July

Nifty had another fascinating week where Bulls are trying to snatch initiative from the Bears. In case Nifty can sustain the levels above 16152 which it has successfully done on Friday when it closed at 16222.60 we can see Nifty rise till 16550 where it will face 200 days EMA resistance. In case Nifty falls below 16152 level we can see it searching for supports.

Nifty Resistance levels: 16343, 16400, 16549 and finally 16809.
Nifty Support levels: 16152, 16030, 15930 and finally 15500.