Stock Market Update for 03/05/2023
Yesterday Nifty had opened with a gap up and it started to consolidate at end it had shown some kind of falling at end it had ended in green. Nifty had reached near the resistance level at 18200 so it needs a big move to make the resistance and Nifty has support level near 18000 so nifty may trade between 18200 to 18000 for some days. Still Foreign Institutions are in buying side they have bought above 1900cr, so it is good for our market to go higher but our Domestic Institutions is selling they had sold above 300cr. Yesterday US Markets had ended in red it had felled more than 1% this reaction is due to fed meeting yesterday and today. Nifty will open flat or with gap down today then it will make upside move as our Nifty is oversold previously. Let us wait and what will happen today in our market.
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