Morning Market Insight Report – 7 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 0.54%, with PSU and Private Banks losing 0.03% and 0.40% respectively.

We expect intraday range could be 32,003 to 32,951 with sideways momentum & broader range could be expected between 31,692 to 33,248 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty closed almost flat, weighed by the fears of lockdown in some parts of the country.

We expect intraday range could be 14,431-14,884 with sideways momentum while broader range could be 14,277 to 15,092.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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