Stock Market Update for 21/04/2023
Yesterday due to expiry day market had huge volatility it had started with a gap up and ended in red. Foreign Institutions had changed into net sellers they had sold above 1100cr, and our Domestic Institutions had bought above 800cr. Still Nifty is in consolidation zone, and it had formed a triangle pattern once it breaks it will take a sure direction. Still IT sectors are in trouble soon it will recover. Yesterday US Market had started with a gap down and started recovering after recovering nearly 100 points it again felled and ended in red. In recent times US markets making the same move. Today majority of the Global markets are in red and Nifty futures and SGX Nifty indicating flat opening. Today or next week market will make a move it may take any direction. Let's wait and watch.
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