Index levels & Views for 19 Aug
Nifty Spot closed at 11047
Resistance at 11120/ 11180
Support at 11010/ 10940
BankNifty closed at 28217
Resistance at 28490/ 28600
Support at 28040 / 27910
View: - Market likely to cont with the rebound on upside for sometime.I have mentioned the resistance levels for today.
The upmove is likely to be slow and there is a expected news from Govt which WILL come at the right time. Don't know what's a right time though, but can't be short before the news which is expected to be positive. I will not be shorting today
I will update on a change of view based on action post market open.