Morning Market Insight Report – 12 Jan 2021

Technical Outlook

Bank Nifty Intra Outlook:

In Monday’s trading session, Bank Nifty lost 0.27%. Private Banks and PSU Banks lost 0.39% and –1.45% respectively. We expect intraday range could be 31,607-32,452 with sideways to positive momentum & broader range could be expected between 31,319 to 32,737 zone for this week.

Nifty Intra Outlook:

Nifty rose by 0.98% in yesterday’s session after the results session started on a positive note, and India commenced COVID-19 vaccination. We expect intraday range could be 14,253-14,626 with sideways to positive momentum while broader range could be 14,149 to 14,831.

Daily Market Statistics
Major Global and Domestic Economic Events
Disclaimer

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