Stock Market Update for 02/08/2023
Yesterday Nifty had started with a gap up and had huge volatility and ended in red. Nifty has support level near 19700 and resistance level near 19850. Yesterday Foreign Institutions had been net sellers they had sold above 90cr, and Our Domestic Institutions had bought above 1000cr. Yesterday majority of Global Markets had ended in red in US Markets all the indices had ended in red. Today majority of the Asian markets are in red SGX Nifty and Nifty Futures indicating gap down or flat opening. FIIs turned sellers in recent days if they continue to sell there will be trend reversal. Let's wait and watch what will happen.
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