Index levels & Views for 5 July
Nifty Spot closed at 11946
Resistance at 11999, 12054
Support at 11890 , 11830, 11795
BankNifty closed at 31472
Resistance at 31830, 32055
Support at 31070 , 30810
View: - Budget Day is here.
Its highly likely that we move up as a reaction to budget pre & post the budget speech.
Only trade we will be looking for is a sell trade, based on how Budget reaction is given by Market, on a rise post announcement we will look for sell signals.
I will push for a update if view is invalid / sell signal is observed.
You can join me live for quicker updates over link - https://zoom.us/j/596959932