Stock Market Update for 12/04/2023
Yesterday Nifty had started with a gap up and had huge rise this rise happened mainly due to banking sectors. Nifty has strong resistance in the region of 17800 once it breaks the region Nifty will confirms its uptrend. IT giants TCS and Infosys are going to declare results today and tomorrow so IT sector will have huge volatility in upcoming days. Upcoming days may companies going to declare Q4 results so we can expect huge volatility in markets. Foreign Institutions are continuously in buying which will be good for our market now. Overall banking sectors are strong and IT sectors are weak so concentrate on these two sectors. Today SGX Nifty and Nifty futures will open with a gap up and keep on rising.
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