Stock Market Update for 20/02/2023

Stock Market Update for 20/02/2023

Last Friday, Nifty had felled nearly 1 percent, and in the last 30 minutes, Nifty had recovered and closed in the red with 0.5 percent down. Last week both Foreign Institutions and Domestic Institutions were net sellers. They had sold above 600cr and 80cr. Last Friday US Market had a huge volatility they had started with a huge gap down and recovered except Dow Jones all others ended in the red. Today US Market is holiday so Global Market indicating flat and SGX Nifty indicating little gap up. Today market may take any direction. For Nifty 18000 act has a huge resistance and 17800 act has huge support. Nifty should take direction with the huge breakage of any one of the levels. Hope Everything goes well market will consolidate until it takes a direction.