Stock Market Update for 17/04/2023

Stock Market Update for 17/04/2023

Last two weeks were very good for our markets Nifty had broken the resistance level at 17800. In upcoming days Nifty will have little consolidation and take direction so traders should take their position accordingly. Today Infosys shares may open at 52 weeks low and HDFC bank shares may open at 52 weeks high these two stocks will be in focus for the day because these stocks have higher weightage in Nifty50. Last week Thursday Foreign Institutions had bought above 220cr, and Domestic Institutions had sold above 270cr. Still FIIs are in buying side which is good sign for our markets. Today Nifty will have some volatility at the end anything may happen let us wait and see.