Stock Market Update for 04/05/2023
Yesterday Nifty had started with a gap down after that it had some consolidation at the end it had ended in red. Good thing is that Foreign Institutions are still in buy side, they had bought above 1300cr, and our Domestic institutions had sold above 500cr. Nifty Still have resistance at 18200 and Support level at 18000. Yesterday our market fall is due to US market which had felled more than 1% before day. Yesterday after fed announces 25 basis points hike US market started falling. Today Global Markets seems to be mixed and SGX Nifty and Nifty Futures indicating gap down opening. After that market may have some kind of volatility due to expire day. Today market may react in both sides let us wait and watch what will happen.
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