Index levels & Views for 24 June
Nifty Spot closed at 11724
Resistance at 11770, 11795
Support at 11645
BankNifty closed at 30628
Resistance at 30730, 30805
Support at 30430, 30310
View: - Not bullish today, will be looking for sell trades.
Broader view - Budget is ahead of markets, but in actual GST council meet is the Budget now. I expect the 20 May gap (Created post Exit poll announcement ) to be filled in next 5-15 days. Bulls are not in control of the index, Its a matter of when and not If.
HDFC Bank is going to be a key stock to watch, it is likely to move markets going ahead. Stock has been in range since last 15 sessions now.