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.