Index levels & Views for 27 Aug
Nifty Spot closed at 11057
Resistance at 11150 / 11180
Support at 11015 / 10970
BankNifty Spot closed at 27951
Resistance at 28480 / 28620
Support at 27850 / 27800
View: - Yesterday was an amazing day of trade, we had wild swings. View was to buy 1st dip but the dip turned out to be too deep to take the position on long side.
After a big move day, first reaction is to buy the dip again. So any dips to references of yesterday should b looked as buy opportunity for now. Stock specific moves will be there which may b more rewarding than Index in next 2-3 days
I will update if there is a change in View.