Morning Market Insight Report – 16 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 1.07%, with PSU Banks losing 1.29% and Private Banks gaining 0.82%.

We expect intraday range could be 31,654 to 32,562 with sideways momentum & broader range could be expected between 31,342 to 32,869 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded highly volatile, after dipping in the first half, due to lockdown fears. However, it recovered at the end of the day and ended in green.

We expect intraday range could be 14,373-14,782 with sideways momentum while broader range could be 14,227 to 14,938.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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