Morning Market Insight Report – 9 Feb 2021

Bank Nifty Technical Outlook

In Monday’s trading session, Bank Nifty rose 0.92%, with Private Banks gaining 1.70%. However, PSU banks lost 1.04%.

We expect intraday range could be 35,458-36,731 with sideways to negative momentum & broader range could be expected between 37,047 to 35,162 zone for this week.

Nifty Technical Outlook

In Monday’s trading session, Nifty closed in green for 6th straight session after the budget, on the continued optimism of economy revival, and better   than expected corporate results.

We expect intraday range could be 14,919-15,366 with sideways to negative momentum while broader range could be 14,761 to 15,504.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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