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.