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.