Stock Market Update for 26/06/2023
Last weekend Nifty had huge consolidation once it reached all time high it started falling. Now Nifty will have support level at 18650 and resistance level near 18750 once Nifty broke the level it will form new all-time high. Last week due to continuous bad global trends Nifty had huge consolidation. Foreign Institutions had been net sellers they had sold above 300cr, and our Domestic Institutions had sold above 600cr. Last weekend US market had ended in red, and all other global markets also ended in red. Today Majority of the global markets opened mixed SGX Nifty and Nifty Futures indicating flat or gap up opening. Nifty is final Support if it breaks it will turn bearish. Let us wait and watch what will happen.
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