Stock Market Update for 09/08/2023
Yesterday Nifty had started with a gap up and had huge consolidation and ended in red nearly flat. Nifty still has support level at 19500 and has resistance level at 19700. Foreign Institutions had been selling continuously they had sold above 700cr today and our Domestic Institutions had bought above 500cr. Yesterday Majority of the global markets had ended in red in US Markets all indices are ended in red. Today Majority of the Asian Markets are ended in red SGX Nifty and Nifty Futures indicating gap up or flat opening. Nifty may have consolidation it may raise or fall with respect to the regions. Let's wait and watch what will happen.
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