Morning Market Insight Report – 01 Feb 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty gained 0.68%. Private Banks gained 1.12% and PSU banks rose 1.69%.

We expect intraday range could be 29,623-31,566 with sideways to negative momentum & broader range could be expected between 29,057 to 32,061 zone for this week.

Bank Nifty Daily Chart

Nifty Intraday Outlook

In Friday’s trading session, Nifty closed in red again due to monthly F/O expiry and ahead of Union Budget.

Nifty fluctuated between gains and loss during the session as the FM Nirmala Sitharaman tabled Economic Survey 2020-21 in the Lok Sabha.

We expect intraday range could be 13,167-14,159 with sideways to negative momentum while broader range could be 12,919 to 14,411.

Nifty Daily Chart

Short and Long term moving averages

Daily Market Statistics

Major Global & Domestic Economic Events

Results Calendar

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