Index levels & Views for 4 July
Nifty Spot closed at 11916
Resistance at 11960, 11995
Support at 11890 , 11840
BankNifty closed at 31382
Resistance at 31490, 31670
Support at 31250 , 31080
View: - Eco survey to be tabled today in Parliament.
Nifty and BankNifty both are at the higher end of the recent range, data is also not bearish. Event ahead on Friday, we can expect nervous shorts to book out before the event. Going in market with this view for today, although we will be looking at the intraday charts post open to make a strong view of the market direction.
I will update if there is a change in view.