Stock Market Update for 03/07/2023
Last weekend Nifty had made a huge move and had formed new all-time high and ended in green. Nifty has Support near 18900 and yet to form resistance. Nifty had huge rally its due to continuous of Institutions, Foreign Institutions had bought above 6000cr, and our Domestic Institutions had bought above 1000cr. Due to good global trend and no bad news in our market which helps for greater swing. Last weekend majority of the global market ended in green. Today Asian markets are opened green and Nifty Future and SGX Nifty Indicating gap up opening. Our market needs to consolidate and soon it will change trend or otherwise the fall will be huge.
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