Stock Market Update for 08/06/2023
Yesterday Nifty started with a gap up opening and started consolidating after 12:30 PM it had raised and ended in green. Nifty had broken the resistance near 18700 and it form a new resistance near 18900 and support level near 18650. Yesterday Foreign Institutions had been net buyers they had bought above 1300cr, and our Domestic Institutions had been net buyers they had bought above 300cr. Yesterday majority of the global markets are ended in red in US Market except Dow Jones all other index ended in red. Yesterday the major Tech Stocks like Apple, Microsoft, NVIDIA and Meta in US Market had felled huge. Today 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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