Morning Market Insight Report – 15 Mar 2021

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.

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.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

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