Index levels & Views for 2 July

Nifty Spot closed at 11865

Resistance at 11890, 11920

Support at 11830 , 11800

BankNifty closed at 31372

Resistance at 31490, 31670

Support at 31310, 31120

View: - Budget week starts from today. Event date - 5th July, Eco survey - 4th July.

Some celebration in world market post the G20 meet over weekend. Gap up around the world & the Gap got closed yesterday itself.

Yesterday post hitting Friday high saw a reaction and didn't go up. Expecting a down day today from the opening levels and a close of Gap created on Monday.

I will update if there is a change in view.