Stock Market Update for 09/05/2023
Yesterday Nifty had recovered the fall that happened during last weekend and had broken the resistance near 18200. Now Nifty will have short resistance near 18300 once it had broken Nifty will have huge movement. Both Foreign Institutions and Domestic Institutions are in buy side they had bought above 2100cr and 200cr respectively. Net buying is high so it's easy for Nifty to reach greater highs. Yesterday Majority of the Global markets are ended in green US Markets are in consolidation except Dow jones all other markets are ended in green. Today Global Markets are in mixed state, SGX Nifty and Nifty Futures are indicating gap up opening. Let us wait and see whether Nifty will consolidate or breaks the resistance and make big move.
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