Index levels & Views for 7 Aug
Nifty Spot at 10948
Resistance at 11015/ 11080
Support at 10890/ 10840
BankNifty closed at 28022
Resistance at 28245 / 28545
Support at 27750 / 27550
View: - Bearish for lower levels only in case we get a upmove post RBI event,
I will be looking to sell into any upside that is generated post RBI announcement.
First 3 min is a cool off period for options in case you are looking to trade via options.
Policy announcement time is 11:45, so you should not trade in options before 11:49
I will update on a change of view based on action post policy announcement.