Index levels & Views for 13 June
Nifty Spot closed at 11906
Resistance at 11955, 11990
Support at 11855 , 11815
BankNifty Spot closed at 30965
Resistance at 31250, 31370
Support at 30800, 30650
View: - Yesterday was a washout day for bulls and i also didn't get an opportunity to sell at around break of highs of 11th June. Market opened flat and kept going lower with no significant recovery thru the day. I will be looking to sell on rise to any of the reference or intraday spikes and will look for break of lows of 12th June and lower. FNO Weekly expiry today so it anyway can move to any-side, on a change of view, i will update accordingly.
Data is neutral as market is, no indication of the direction.