Stock Market Update for 07/06/2023
Yesterday Nifty started with a flat opening and started falling at last 30min it had recovered 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 300cr, and our Domestic Institutions had been net sellers they had sold above 400cr. Yesterday majority of the global markets are ended in green in US markets it had huge volatility and ended in green. Yesterday the major fall is due to IT sectors it nearly felled 2%. Today Majority of the Asian Markets opened in green SGX Nifty and Nifty futures indicating gap up opening. Nifty may consolidate after the opening good news is that FIIs are still in buying side which help our markets to go higher. Let's wait and watch what will happen.
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