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.
![](https://i1.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/BANKNIFTY.jpeg?resize=895%2C499)
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.
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/NIFTY.jpeg?resize=895%2C499)
Short and Long Term Moving Averages
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/SMA.png?w=895)
Daily Market Statistics
![](https://i0.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/2-10.png?w=895)
Major Domestic and Global Economic Events
![](https://i0.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/3-10.png?w=895)
Results Calendar
![](https://i2.wp.com/www.beelinebroking.com/blog/wp-content/uploads/2021/01/4-9.png?w=895)
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