Index levels & Views for 12 July
Nifty Spot at 11582
Resistance at 11600, 11640
Support at 11500, 11480
BankNifty closed at 30716
Resistance at 30830, 30900
Support at 30550, 30350, 30120
View: - Sell on rise view for today. Index is at a resistance on daily chart and can show a downside move post hitting a intraday high after the initial breakout (high created post first 15 Min), update to be shared on when to exactly look for sell trade.
I will update in case i see markets getting strong for a upside, but i will b looking for a sell trade.