NIFTY 13 AUGUST 2021 : There is a chance of sluggish move as rise extend. Resistance to emerge here and there near @ 16380 or at 16500.

 

Good Morning Friends, 

Mid cap and small cap index rebounded from lows to out perform Nifty yesterday. A possible reason of fall has almost saved. Now, we should focus on Nifty technical levels. 

I have two important figures in mind. One is at 16380 and other at 16500. Nifty may turn heavy on any of these levels. 

Still, I must say that direction remains up as long as Nifty is trading comfortably above 16200 levels. 

Let us see if this moves for 16500 or correct from 16308. 

Happy Trading,