Stock Market Update for 31/05/2023
Yesterday Nifty started with a gap up and started consolidating and ended in green. Nifty will have support and resistance level in 18500 and 18700 respectively. Yesterday Foreign Institutions had been net buyers they had bought above 2000cr, and our Domestic Institutions had been net sellers they had sold above 400cr. Yesterday majority of the global markets are ended in red and down by 1% in US market except Dow Jones all other index ended in green. Today Majority of the Asian Markets opened in red SGX Nifty and Nifty futures indicating gap down opening. Global trend is not good so our market may fall but it may not so huge it may fall within the levels. In the month of May our moved against the global trend with help of FIIs still now FIIs are in buying side so it will help our market to reach greater high. Let us wait and watch what will happen.
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