Morning Market Insight Report – 12 Mar 2021

Bank Nifty Intraday Outlook

In Wednesday’s trading session, Bank Nifty gained 0.20%, with PSU Banks losing 0.15% and Private Banks gaining 0.30%.

We expect intraday range could be 35,533 to 36,388 with sideways to positive momentum & broader range could be expected between 35,249 to 36,677 zone for this week.

Nifty Intraday Outlook

In Wednesday’s trading session, Nifty witnessed a steep fall for the second consecutive trading session.

We expect intraday range could be 15,006-15,398 with sideways to positive momentum while broader range could be 14,813 to 15,581.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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