Morning Market Insight Report – 16 Feb 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 3.32%, with PSU Banks and Private Banks gaining 2.32% and 3.32% respectively.

We expect intraday range could be 36,803-37,956 with sideways momentum & broader range could be expected between 36,516 to 38,248 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty ended higher on the back of positive global cues, strong buying in banks and financials, FPI inflows.

We expect intraday range could be 15,091-15,539 with sideways momentum while broader range could be 14,947 to 15,674.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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