Stock Market Update for 14/03/2023
Yesterday Nifty had huge fall because of US Bank crisis Nifty had felled nearly 1.5%. Yesterday the support level at 17300 had broken so it will act as a Resistance for coming days. Foreign Institutions had sold above 1500cr, and our Domestic Institutions had bought above 1400cr thought the net selling is just 100cr though the market felled more due to the fear among investors. Yesterday US Market had shown some kind of recovery, but other Global Markets are felled more than 1%. Today we can expect Consumer Price Index data to be released if its good then market will be recovered or otherwise market will fall. Today Nifty futures and SGX Nifty indicating gap up opening there are more uncertain things are happening so market may take any direction. Nifty is Now indicating bear run after breaking the support near 17300. Now 17000 will act as a huge Support once it breaks Nifty will have huge fall.
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