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.