Index levels & Views for 21 Aug
Nifty Spot closed at 11017
Resistance at 11060/ 11110
Support at 10985 / 10940 / 10900
BankNifty Spot closed at 27982
Resistance at 28050 / 28230
Support at 27840/ 27690 / 27540
View: - Yesterday was again a Narrow range day (NR7) in Nifty. A break of yesterday low on Nifty should again open up downside in Index. BankNifty was weaker one yesterday among the two index. Will be looking for sell trades in Market.
At about 12:15 i will try to give a update on market for a second half trade if any spotted.
I will update on a change of view based on action post market open.