Morning Market Insight Report – 05 Mar 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 1.56%, with PSU and Private Banks losing 0.75% and 1.27% respectively.

We expect intraday range could be 35,249 to 36,253 with sideways to negative momentum & broader range could be expected between 34,931 to 36,567 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty witnessed a highly volatile session, with India VIX reaching 24.57.

We expect intraday range could be 14,831-15,306 with sideways to negative momentum while broader range could be 14,674 to 15,489.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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