Index levels & Views for 16 July

Nifty Spot at 11588

Resistance at 11640, 11680

Support at 11530 , 11480

BankNifty closed at 30445

Resistance at 30690, 30860

Support at 30350, 30245

View: - Market is likely to test Friday's high again in Nifty at 11640.

We will be looking to buy on dips, till yesterday low is held on in Nifty.

I will update on a change of view based on Market opening.