• Deepak

Index levels & Views for 23 July

Nifty Spot at 11346

Resistance at 11390 / 11410

Support at 11310, 11255

BankNifty closed at 29284

Resistance at 29460, 29700

Support at 29190 , 28980

View: - Two days of big down moves in Index, i am not expecting either a bigger rebound nor a followup on downside today. Market needs to consolidate for couple of days now before resuming the downside again, expectations are Nifty can head to 11100 over next few days. Today there is an assumption that we may have a narrow range day with no followup on either side of breakout.

Nifty can test yesterday's high today.

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

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Welcome to Premium Content Here's an introduction of what's on offer and How to understand things which are shared. 1) Index References - Index levels are marked on a chart considering for intraday su