Morning Market Insight Report – 04 Mar 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 2.68%, with PSU and Private Banks gaining 3.16% and 2.75% respectively.

We expect intraday range could be 35,912-36,868 with sideways to positive momentum & broader range could be expected between 35,623 to 37,158 zone for this week.

Nifty Intraday Outlook

In Wednesday’s trading session, Nifty witnessed a spike ahead of new calculation method, making the Nifty valuation cheaper.

We expect intraday range could be 15,044-15,496 with sideways to positive momentum while broader range could be 14,859 to 15,633.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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