Morning Market Insight Report – 17 May 2021

Bank Nifty Intraday Outlook

The Nifty Bank underperformed the benchmark indices, falling 282.75 points to close at 32,169.55 on May 14. The important pivot level, which will act as crucial support for the index, is placed at 31,982.5, followed by 31,795.4. On the upside, key resistance levels are placed at 32,489.7 and 32,809.8 levels.

Nifty Intraday Outlook

The benchmark indices, after sharp weakness in the previous session, shifted into consolidation mode and closed on a flat note on May 14, but the broader markets witnessed sharp selling pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1.64 percent and 1.48 percent, respectively.

Short and Long term moving averages

Daily market statistics

Daily market statistics

Results Calendar

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