Market Outlook: Nifty on the verge of momentum run.

Markets have given a strong closing to the week above 50 Weeks EMA as well as above 200 days EMA. 50 days EMA remains an important resistance to conquer which is around 17815. The momentum that has built can well take the Nifty past the same if 17581 (200 days EMA) is held next week.
Nifty Supports remain at: 17581, 17353 and finally 17248 (Major Support).
Nifty Resistances remain at: 17769, 17815,18011 and finally 18266 (Major Resistance).