Stock Market Update for 29/05/2023
Last weekend Nifty had broken the resistance at the region of 18400 and made a huge move. Nifty now had new support and resistance region at 18400 and 18700 respectively. Last weekend both Foreign Institutions and Domestic Institutions had been net buyers they had bought above 300cr and 1800cr respectively. Last week majority of the global markets turned positive and ended in green in US Markets all index turned green Nasdaq alone turned 2% up. Today except Chines market all other Asian markets are opened in green, SGX Nifty and Nifty Futures indicating huge gap up opening it may consolidate for few days. Let's wait and watch markets are bullish what will happen.
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