Bank Nifty Intraday Outlook
In Friday’s trading session, Bank Nifty lost 1.23%, with PSU and Private Banks losing 1.70% and 1.13% respectively.
We expect intraday range could be 34,992 to 35,947 with sideways to negative momentum & broader range could be expected between 34,681 to 36,258 zone for this week.
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/03/BANKNIFTY-7.jpeg?resize=895%2C489)
Nifty Intraday Outlook
In Friday’s trading session, Nifty witnessed a heavy sell-off of an over-bought market, due to new COVID-19 tensions .
We expect intraday range could be 14,788-15,231 with sideways to negative momentum while broader range could be 14,643 to 15,427.
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/03/NIFTY-7.jpeg?resize=895%2C489)
Short and Long term moving averages
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/03/sma-7.png?w=895)
Daily market statistics
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/03/2-13.png?w=895)
Major global & domestic economic events
![](https://i0.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/03/3-14.png?w=895)
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