• Deepak

Index levels for 11 Dec

Nifty Spot closed at 11856

Resistance at 11915 / 11960

Support at 11825 / 11800

BankNifty Spot closed at 31160

Resistance at 31380 / 31540

Support at 31060 / 30970

View: - Expectations of second half rally is there today. Broader market seems oversold to me and everything is down.

Two scenarios are there now

1) Broader Market stops falling and see a pullback and Index also moves up with it

2) Broader market stays down and Index also falls with it.

I am going with a expectations of 2nd half rally today, i will update about this view and confirm during the day.

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