• Deepak

Index levels & Views for 18 June

Nifty Spot closed at 11672

Resistance at 11715, 11750

Support at 11640, 11615


BankNifty Spot closed at 30273

Resistance at 30450, 30540

Support at 30120, 29915


View: - Yesterday's trade panned out as expected, a move on downside and every rise was sold into. Expectations for today are of a ranged day, i.e we should not get a followup of any breakout. A downside move should not get a followup on downside and upside move won't get a followup move on upside. Trade is to fade the breakout on either side.


If i see today as another trend day, i will share a updated view accordingly.

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