Index levels & Views for 12 Sept
Nifty Spot closed at 11035
Resistance at 11090 / 11135
Support at 11980 / 10950
BankNifty Spot closed at 27776
Resistance at 27890 / 28015
Support at 27580 / 27410
View: - I will be looking for sell trades today. Nifty was under performing yesterday due to IT Stocks. Expecting some upmove in Cement stocks today. We can see some profit booking in Banking Index so will be looking for sell trades around resistance levels.
I will update when i see a trade around those levels and also If there is a change in view, i will update.