Stock Market Update for 19/05/2023
Yesterday Nifty had started with gap up and started falling and ended in red. Nifty Still in the zone of consolidation Nifty have support level in the region of 18100 and 18300 will be huge resistance. Yesterday SBI had declared the results it was good result though SBI had felled more than 2% SBI will make good moves once profit booking got over. Yesterday Foreign Institutions had bought above 900cr, and Domestic Institutions had sold above 800cr. Today Stock to watch SBI because it had declared good results. Yesterday US and European markets had ended in green. Today expect Chinese market all other Asian markets are green SGX Nifty and Nifty Futures indicating gap up opening. Nifty will make big move today or by Monday. Let us wait and watch what will happen.
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