Stock Market Update for 03/08/2023
Yesterday Nifty had started with a gap down and had huge fall and ended in red Nifty, Bank Nifty and Sensex all had felled above 1%. Yesterday Nifty had broken the support level near 19500 at some time at the end near the support level now Nifty has support level at 19400 and resistance near 19500 and 19700. Yesterday Foreign Institutions had been net sellers they had sold above 1800cr, and our Domestic Institutions was net sellers they had sold above 2cr. Yesterday Majority of the global markets had ended in red and US markets all indices are ended in red. Majority of Asian Markets are opened in red SGX Nifty and Nifty Futures indicating gap down opening. Market may turn bearish until FIIs are in selling side. Let's wait and watch what will happen.
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