Stock Market Update for 08/08/2023
Yesterday Nifty had started with a gap up and had little consolidation and at the end it has raised and ended in green. Nifty had huge support near 19300 once Nifty touched the region it started bounced back and breaks resistance at 19500 and change it new support and resistance near 19700 once it broken the region it will touches 20000 mark. Yesterday Foreign Institutions had been net sellers they had sold near 1900cr, and our Domestic Institutions had bought above 1000cr. FIIs are still in selling side so market may turn any time. Yesterday Majority of the global markets are ended mixed in US markets all indices are ended in green. Today Majority of the Asian Markets are in green SGX Nifty and Nifty Futures indicating gap up or flat opening. Nifty still in the Bull run though FIIs are continuously selling. Let's wait and watch whether Nifty will cross 20000 or not.
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