Stock Market Update for 20/04/2023
Yesterday Nifty had opened nearly flat and started falling the fall is not so huge. Nifty still is in consolidation it yet to direction. Yesterday both Foreign Institutions and Domestic Institutions had been net sellers they sold above 10cr and 100cr respectively. IT sectors to be concentrated because the fall in IT stocks continuous. Yesterday US Market had started with a gap down and started recovering Nasdaq alone ended flat other index ended in red. Majority of the global markets are in red SGX Nifty and Nifty Futures indicating gap up opening today. Hope Market will consolidate today we can expect 100 points from intraday high to low. Market will make a move soon, so traders wait for the perfect time to take the trade.
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