Index levels & Views for 16 Aug
Nifty Spot closed at 11029
Resistance at 11010/ 11075
Support at 10905 / 10860
BankNifty closed at 28019
Resistance at 27915 / 28105
Support at 27680 / 27550
View: - Till Low of Tuesday is not broken, market may remain in range and see a rebound on upside for sometime.
There is no screaming trade that can be taken today, expecting range bound markets today. I will stay away from trading today given the market opening. If there is a Likely trade in 2nd Half i will let u know.
I will update on a change of view based on action post market open.