Bank Nifty Intraday Outlook
In yesterday’s trading session, Nifty witnessed a heavy sell-off for the second consecutive trading session due to fears of 2nd wave of COVID-19. However, the index recovered a bit in the 2nd half of the session.
We expect intraday range could be 14,682-15,129 with sideways momentum while broader range could be 14,522 to 15,317.
Nifty Intraday Outlook
In Friday’s trading session, Bank Nifty lost 0.88%, with PSU Banks gaining 0.16% and Private Banks losing 1.08%.
We expect intraday range could be 34,629 to 35,633 with sideways momentum & broader range could be expected between 34,144 to 36,187 zone for this week.
Short and Long term moving averages
Daily market statistics
Major global & domestic economic events
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