Index levels & Views for 16 Sept
Nifty Spot closed at 11075
Resistance at 11060 / 11140
Support at 10985 / 10945
BankNifty Spot closed at 28098
Resistance at 28070 / 28275
Support at 27780 / 27580
View: - Market to open gap down after a strong close on Friday. I think this dip is a buying opportunity since it is happening due to an external event. Use risk management and try to take long positions around support levels. I will confirm on this view , also the structure around the support levels.
If there is one post open i will update. Above are the reference levels for today.