Index levels & Views for 26 Aug
Nifty Spot closed at 10829
Resistance at 10985 / 11035
Support at 10800
BankNifty Spot closed at 26958
Resistance at 27390/ 27540
Support at 26890
View: - Will not be looking for a sell trade today. Its just the 2nd day of trade post the sort of low made where we saw some bounce back. I will expect buying to come back on dips.
As per intraday charts i will be looking to buy the 1st dip intraday today. Nifty is the stronger one compared to BankNifty on short term charts.
I will update if there is a change in View.