Index levels & Views for 15 July
Nifty Spot at 11552
Resistance at 11605, 11640
Support at 11480, 11426
BankNifty closed at 30601
Resistance at 30800, 30860
Support at 30350, 30245
View: - Market is likely to hit fresh swing lows on Nifty and BankNifty and move towards the gap fill from 20th May on Nifty. I will be looking for sell trades on rise and will refrain from buying the lows for now.
I will update on a change of view from Bearish to Bullish based on Market opening.