Index levels & Views for 6 Sept

Nifty Spot closed at 10847

Resistance at 10890/ 10935

Support at 10790/ 10730

BankNifty Spot closed at 26919

Resistance at 27425/ 27590

Support at 26810/ 26645

View: - BankNifty was weaker yesterday intraday in comparison to Nifty. On positional also BN is weaker one. Yesterday there was a Bearish flag formation when market had came off, but it did not gave a move down from those levels. If today we break lows of Thursday, trade is to short with the levels of 10860 & 27000 Spot levels as stoploss.