Index levels & Views for 13 Aug
Nifty Spot at 11109
Resistance at 11190 / 11225
Support at 11010/ 10980
BankNifty closed at 28431
Resistance at 28610 / 28820
Support at 28170 / 27890
View: - Expecting a rally in 2nd half today post consolidation after the Reliance bla bla news settlement in early hours. I will wait for Index to come lower around support levels mentioned before taking a trade in middle & wait for a buy signal to be generated.
The view is dependent on the location of market around 2nd half & the followup which sellers are able to generate. I will post a update around 12:30 for the view. No trade till that point.
I will update on a change of view based on action post market open.