Stock Market Update for 05/06/2023
Last weekend Nifty had started with a huge gap up and started falling it had a huge volatility and ended in green. Nifty has huge support neat 18500 and resistance near 18600 once it broken any one direction it will have huge movement. Last Friday Foreign Institutions had been net sellers they had sold above 600cr, and Domestic Institutions had been net buyers they had bought above 500cr. Last week Majority of the global markets had ended in green US and European Markets had gained more. Today majority of the Asian markets are mixed SGX Nifty and Nifty Futures indicating gap up opening. Today Nifty Futures indicating huge gap up it may not sustain because it was huge. Let us wait and watch what will happen.
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