Index levels for 21 Jan 2020

Nifty Spot closed at 12224

Resistance at 12245 / 12280

Support at 12135 / 12030

BankNifty Spot closed at 31080

Resistance at 31355 / 31485

Support at 30790/ 30360

View: - BankNifty has been weaker one since last many days now compared with Nifty.

Objective of this down move in Nifty now seems to be filling the gap which is there at levels of 12135 - 12030 zone. To b reviewed there, till than Nifty Bank to also find a support somewhere on downside.

Event: - Budget 2020 on 1st Feb.