Stock Market Update for 12/05/2023
Yesterday Nifty had opened with huge gap up and started falling and ended in red. Once Nifty reached above the resistance region it stated falling so here 18300 will act as a huge resistance for Nifty and it hadn't felled below 18200 so it will be huge support once Nifty broken any one of the levels it will make a big move. Yesterday Foreign Institutions had bought above 800cr, and our Domestic Institutions had sold above 200cr. Yesterday majority of the global markets ended in mixed state including US Markets. Today SGX Nifty and Nifty Futures indicating gap down or flat opening. Let's wait and see what will happen.
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