Index levels & Views for 3 Oct

Nifty Spot closed at 11359

Resistance at 11440 / 11490

Support at 11250 / 11190

BankNifty Spot closed at 28725

Resistance at 29150 / 29300

Support at 28340 / 28125

View: - Tuesday we saw a big dip in markets and a smart recovery by close. Today again Market is expected to open gap down. I will be looking for long trades near around Tuesday low with a reference candle in place and risk management for first levels at around closing of Tuesday.

If there is a change in view, i will update accordingly.