Stock Market Update for 06/07/2023
Yesterday Nifty had entered the region of consolidation after consecutive setting of all time high and ended almost flat. Nifty has Resistance level at 19450 and Support level at 19250 once it breaks downside, we can expect a trend reversal. Yesterday Foreign Institutions had been net buyers they had bought above 1600cr, and our Domestic Institutions had sold above 400cr. FIIs are still in buying side which helps markets to reach new high. Yesterday Majority of the global Markets are ended in red in US Markets all indices are ended in red. Today Majority of the Asian Markets are opened red SGX Nifty and Nifty Futures indicating flat opening. Once Market opened Nifty will have consolidation. Still FIIs are in buy side but global trends are bad so anything may happen. So let us wait and watch what will happen.
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