Stock Market Update for 10/07/2023
Last weekend Nifty had opened with a gap down and started raising after setting new all-time high it started falling and ended in red. Nifty has support level near 19300 and Resistance level at 19500 once Nifty broken support level it will fall huge if Nifty further brakes 18800 it will be trend reversal, or it may be consolidation. Last weekend Foreign Institutions had bought above 700cr, and our Domestic Institutions had sold above 2000cr. Global Markets are in negative trend in US Markets all indices are ended in red. Today majority of the Asian markets are in mixed, SGX Nifty and Nifty Futures indicating flat or gap down opening. Nifty will enter a region of consolidation. Let's wait and watch what will happen.
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