Bank Nifty Intraday Outlook
In Monday’s trading session, Bank Nifty dived 1.35%. PSU Banks witnessed a steep fall of 2.44% and Private banks fell 1.78%.
We expect intraday range could be 30,633-31,726 with sideways to negative momentum & broader range could be expected between 30,342 to 32,015 zone for this week.
Nifty Intraday Outlook
In Monday’s session, Nifty experienced a highly volatile trading session after the drag in the market by Reliance was recovered by an uplift in banking sector.
However, in the second half of the session, after the news of tensions between India and China, the markets again started its downfall and ended in red.
We expect intraday range could be 13,998-14,502 with sideways to negative momentum while broader range could be 13,856 to 14,657.
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