Stock Market Update for 08/05/2023
Last weekend Nifty had felled more than 150 points in a single day it was due to HDFC and HDFC Bank it had felled more than 5% due to correction. Nifty Still has a Strong Support near 18000 and it has resistance near 18200. Still Foreign Institutions are in buying side they had bought above 700cr, and our Domestic Institutions had sold above 2000cr. Due to huge net selling by institutions our market had felled. Last weekend US and European Markets are ended in green they gained more than 1.5% in single day. Today majority of the global markets are in green, SGX Nifty and Nifty futures indicating gap up opening. Let us wait and watch what will happen today.
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