Stock Market Update for 30/06/2023
Last Wednesday our Nifty had broken all time high and set new all-time high at 19000. Now Nifty had Support level at 18900 and has resistance near all-time high. Our Market had reached new all-time high due to good global markets move and Foreign Institutions had bought above 12000cr which helped our Market moved so high. Our Domestic Institutions had been net sellers they had sold above 1000cr. Due to huge amount pumped by FIIs our market had set new all-time high. Last time when Nifty reach all time high is due to IT sectors but this time it's due to banking sectors. Yesterday our market is in holiday due to Bakrid. Majority of the global market ended mixed and US Market except Nasdaq all other index ended in green. Today Majority of the global market opened green and Nifty Future and SGX Nifty indicating gap up opening. After opening we can decide whether our market will move higher, or it will change the trend.
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