Index levels & Views for 14 Aug
Nifty Spot at 10925
Resistance at 11040/ 11120
Support at 10840/ 10780
BankNifty closed at 27729
Resistance at 27920 / 28040
Support at 27550 / 27390
View: - BankNifty likely to test low of 8 Aug around 27550 before showing a bounce today. Expecting a bounce from the range 27550-27390. Need to see reaction there and then take a view.
I will update on a change of view based on action post market open.