Stock Market Update for 08/03/2023
Monday Market started with a huge gap up and started raising after sometimes it had felled little and ended more than 0.5% positive. Both Institutions had been net buyers Foreign Institutions had bought above 700cr, and Our Domestic Institutions had bought above 750cr. 17800 will act as a huge resistance and 17400 will act as a huge support. Yesterday our markets were in holiday due to Holi festival. Yesterday US Fed chairman announced interest rate hike due to inflation, so US Market had felled huge yesterday due to interest rate hike. Today Asian Markets are in red and SGX Nifty and Nifty Futures are indicating gap down opening so market will fall furthermore if market breaks 17400 market will have huge fall. Hope Market will recover soon.
Comments
Post a Comment