Nifty and Banknifty Update 01/02/2020

Nifty 
Close=11962.10

What direction will the Nifty move during the day

How many levels can go up and down?

Where the Nifty closes above the level, there is a big upside, and where the level closes below, the big down comes.

                          Chart ⤵⤵⤵⤵

Most important level upside down
Upside level at.          12050Downside level at .    11900

    Nifty seems there is no strength at higher level yes in last two days index if come back to 12000/12030  selling pressure in Nifty.



Nifty resistance 12000/12050/12100

If Two and Third resistant can buy in this level close Above 12050 an hold  five minutes to ten minutes and buy expected Target 12100/12200/12250



Nifty support 11930



Nifty considering support around 11900/11880 next support 11830/11780/11700/11650

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 BANK NIFTY UPDATE 

Close= 30833.60



Today banknifty days high 31033

And profit booking 300 point down in High level



Or 01/02/2020

Most important level Upside and Downside

Upside level at .          31050
Downside level at.     30500

     BANK NIFTY seems there is no strength at higher level yes in last  days index if come back to 31050/31100 selling pressure in Bank nifty.



Bank nifty resistance 30900/30990/31100

If Two and Third resistant can buy in this level close Above 31100 an hold  five minutes to ten minutes and buy expected Target 31300/31500/31750



Bank nifty support 30600



Bank nifty considering support around 30550/30500 next support 30400/30150/29990


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