Morning Market Insight Report – 18 Mar 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 1.65%, with PSU and Private Banks losing 3.77% and 1.54% respectively.

We expect intraday range could be 33,677 to 34,629 with sideways to negative momentum & broader range could be expected between 33,362 to 34,933 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty witnessed steep fall with India Vix high at 20.22, ahead of the meeting outcome regarding COVID-19.

We expect intraday range could be 14,496-14,911 with sideways to negative momentum while broader range could be 14,327 to 15,113.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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