Stock Market Update for 05/05/2023
Yesterday Nifty had started flat and started moving against the global trend and breaks the resistance above 18200. Now the resistance level will be 18300 and support will be at 18200. Due to continuous buying of Foreign Institutions Nifty is moving against the global trend yesterday FIIs had bought above 1400cr, and our Domestic Institutions had bought above 400cr. Yesterday US Market had ended in red it had huge volatility for the fourth consecutive day it falls. Today SGX Nifty and Nifty Futures indicating gap down opening. Nifty had move against global trends so we can expect a recovery after the gap down.
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