- Deepak
Index levels & Views for 1 Aug
Nifty Spot at 11118
Resistance at 11110 / 11145
Support at 10940/ 10910
BankNifty closed at 28876
Resistance at 29970 / 29150
Support at 28525, 28370, 28250
View: - Bearish for lower levels unless yesterday high is not crossed, Like suggested yesterday for this downtrend to end, we will need a failure at lows which is yet to be observed, we will only have a intraday view and trades till this gets done.
There is no plan today to play on the view from my end. In second half today if i see a possible trade based on OI analysis i will update on the notification group.
I will update on a change of view based on Market opening.
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