Stock Market Update for 24/04/2023
From the beginning of the last week our market started consolidation and keep on forming a descending triangle pattern it may take any direction in this week or next. From last onwards Foreign Institutions started selling last Friday also they sold above 2100cr, and our Domestic Institutions had bought above 1600cr. Last weekend Reliance had released their Q4 results their net profit had jumped 30% and beats the estimates. Last weekend US Markets had once again ended flat and other markets are in mixed conditions. Today SGX Nifty and Nifty Futures Indicating gap up opening and majority of the global markets are in red. Let us wait and see whether the gap will sustain.
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