Sensex, Nifty & Nifty Bank post 1st monthly loss since August 2019. Market breadth favours declines; advance-decline ratio at 1:2. The Nifty fell 1.6 percent in January 2020. The BSE Sensex dropped 190 points to 40,723 while the Nifty50 closed 73 points lower at 11,962.
According to the pivot charts, the key support level for Nifty is placed at 11,904.1, followed by 11,846.1. If the index moves up, key resistance levels to watch out for are 12,061.8 and 12,161.5.
Nifty Bank closed 0.61 percent up at 30,833.60. The important pivot level, which will act as crucial support for the index, is placed at 30,672.47, followed by 30,511.34. On the upside, key resistance levels are placed at 31,014.07 and 31,194.54.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: