Stock Market Update for 06/06/2023
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 sellers they had sold above 700cr, and our Domestic Institutions had been net buyers they had bought above 1100cr. Yesterday majority of the global markets are ended in red in US market except the fall is not so huge Nasdaq is closed almost flat. Today Majority of the Asian Markets opened in green SGX Nifty and Nifty futures indicating flat opening. After flat opening market may go up but FIIs are in selling so it is not good for Bull run. So let us wait and watch whether our market soon breaks the all-time high.
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