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.