Stock Market Update for 18/05/2023

Stock Market Update for 18/05/2023



Yesterday Nifty had started with a gap up and started falling last 1hr Nifty had started recovering. Nifty had nearly broken the resistance level near 18200 if the break sustains Nifty will move further down. Yesterday Institutional selling is high Foreign Institutions had bought above 140cr and Domestic Institutions Sold above 200cr. Yesterday majority of the global market are ended in green US Markets had gained more than 1%. Today Asian market are opened with green SGX Nifty and Nifty Futures are indicating a gap up opening. Nifty still in consolidation soon it will make a move in either direction. Let us wait and watch what will happen.



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