Morning Market Insight Repot – 28 Jan 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty nose dived 2.93%. Private Banks witnessed a steep fall of 3.00% and PSU banks fell 1.52%.

We expect intraday range could be 29,651-30,908 with sideways to negative momentum & broader range could be expected between 29,374 to 31,212 zone for this week.

Bank Nifty Daily Chart

Nifty Intraday Outlook

In yesterday’s trading session, Nifty lost 1.93% ahead of budget and monthly F/O expiry.

The fall was also due to weak global cues and mixed results session.

We expect intraday range could be 13,624-14,313 with sideways to negative momentum while broader range could be 13,451 to 14,466.

Nifty Daily Chart

Short and Long Term Moving Averages

Daily Market Statistics

Major Domestic and Global Economic Events

Results Calendar

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