Stock Market Update for 14/08/2023
Last weekend Nifty had started with a gap up and started falling and ended in red it had broken resistance near 19500. Now Nifty takes support level 19300 and Resistance level near 19500. Last week Foreign Institutions had been net sellers they keep on selling except one day. Last weekend alone FIIs were sold above 3000cr, and our Domestic Institutions had bought above 500cr. Last weekend majority of the global markets were ended in red and in US markets except Dow Jones all other indices ended in red. Today Majority of the Asian Markets are in red SGX Nifty and Nifty futures indicating flat or gap down opening. FIIs are in selling zone so Nifty may have consolidation. Let's wait and watch what will happen.
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