Bank Nifty Intraday Outlook
In yesterday’s trading session, Bank Nifty gained 0.24% after losing in the first session. Private Banks gained 0.17% and PSU banks fell 1.76%.
We expect intraday range could be 29,753-30,808 with sideways to negative momentum & broader range could be expected between 29,451 to 31,108 zone for this week.
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/BANKNIFTY-1.jpeg?resize=895%2C489)
Nifty Intraday Outlook
In yesterday’s trading session, Nifty closed in red again due to monthly F/O expiry and ahead of Union Budget.
We expect intraday range could be 13,493-14,068 with sideways to negative momentum while broader range could be 13,343 to 14,218.
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/NIFTY-1.jpeg?resize=895%2C489)
Short and Long term moving averages
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/SMA-1.png?w=895)
Daily Market Statistics
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/2-11.png?w=895)
Major global & domestic economic events
![](https://i0.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/3-11.png?w=895)
Results Calendar
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/4-10.png?w=895)
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