Stock Market Update for 07/08/2023
Last weekend Nifty had recovered after consecutive falling for two days it was a huge recovery. Nifty still has resistance level near 19500 and has huge support level at 19300. Still Foreign Institutions are in selling side they had sold above 500cr, and our Domestic Institutions had bought above 300cr. Last weekend majority of the global markets are ended mixed in US markets all indices are ended in red. Today Majority of the Asian markets are in red SGX Nifty and Nifty Futures indicating gap up opening. Still FIIs are in selling side we may expect huge volatility. Let's wait and watch what will happen.
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