Stock Market Update for 12/06/2023

Stock Market Update for 12/06/2023

Last weekend Nifty had started with a gap up opening and started falling it had a huge volatility and ended in red. 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 300cr, and Domestic Institutions had been net buyers they had bought above 1200cr. Last week Majority of the global markets had ended in red US Markets had ended in green. Today majority of the Asian markets are down 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.