Morning Market Insight Report – 08 Mar 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 1.60%, with PSU and Private Banks losing 3.93% and 1.58% respectively.

We expect intraday range could be 34,721 to 35,678 with sideways to negative momentum & broader range could be expected between 34,419 to 35,983 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty witnessed a steep fall in the second of the trading session, after the bears took the charge of overbought markets.

We expect intraday range could be 14,672-15,188 with sideways to negative momentum while broader range could be 14,541 to 15,337.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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