Index levels for 20 Jan 2020
Nifty Spot cmp at 12352
Resistance at 12390 / 12430 / 12460
Support at 12315 / 12280
BankNifty Spot closed at 31590
Resistance at 31700 / 31940
Support at 31450 / 31150
View: - BankNifty has been weaker one since last many days now compared with Nifty.
BankNifty if do not break low made on Friday, i expect BankNifty to give a good bounce back from these levels. Friday low is around 31450
Nifty has been the stronger one, but in small range.
Event: - Budget 2020 on 1st Feb.