Nifty Intraday Outlook:
In Friday’s session, Nifty witnessed its biggest drop in almost a month, amid global cues, after US President-elect Joe Biden’s USD 1.9-trillion Covid-19 relief plan triggered concerns over an increase in corporate taxes.
We expect intraday range could be 14,183-14,698 with sideways to negative momentum while broader range could be 13,991 to 14,834.
Bank Nifty Intraday Outlook:
In Friday’s trading session, Bank Nifty lost 0.84%. PSU Banks witnessed a steep fall of 2.05% and Private banks fell 0.96%.
We expect intraday range could be 31,692-32,748 with sideways to negative momentum & broader range could be expected between 31,399 to 33,052 zone for this week.
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