Technical Outlook
Bank Nifty Intraday Outlook:
In Thursday’s trading session, Bank Nifty lost 0.8%. PSU Banks and Private banks lost 3.2% 0.7% respectively.
We expect intraday range could be 31,794-32,819 with sideways to positive momentum & broader range could be expected between 31,597 to 33,099 zone for this week.
Nifty Intraday Outlook:
In yesterday’s trading session, Nifty closed in red, after shedding the gains of earlier trading session, when the market rose after the inauguration of Joe Biden as the US President.
Also, investors remained positive on the continued expectations of additional stimulus package by the US government.
Additionally, better than expected results season has been aiding the gains in equity market.
We expect intraday range could be 14,363-14,814 with sideways to positive momentum while broader range could be 14,212 to 14,952.
Daily Market Statistics:
Major Global & Domestic Economic Events
Results Calendar
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