Stock Market Update for 10/05/2023
Yesterday when Nifty touched the resistance near 18300 it started falling it was a huge consolidation at the end it ended in flat. Still Nifty is trading in the level of 18200 to 18300 once it broken it will make a big move. Yesterday Foreign Institutions and Domestic Institutions were net buyers they had bought above 1900cr and 400cr. Though the net buying was huge our market had ended flat it due to pure technical analysis. Yesterday majority of the global markets are ended in red including US Markets. There is no big fall it just a consolidation movement. Today SGX Nifty and Nifty Futures indicating gap up opening if Nifty broken 18300 it will make a big move. Let us wait and see what will happen whether Nifty breaks 18300 or it consolidates.
Comments
Post a Comment