Stock Market Update for 11/01/2023

Stock Market Update for 11/01/2023

Yesterday Nifty touches the support level near 17800 after breaking the support level at 18000. Yesterday before opening of our market all the global markets are in green except US markets. But when market opens our market started falling, once it touches the support level near 17800 it started recovering. The new resistance level will be at 18000. Foreign institutions had been net sellers they have sold above 2000cr, and Domestic institutions had been net buyers they have bought nearly 1800cr. Yesterday US markets ended in green. Today Nifty Futures and SGX Nifty indicating a gap up. FIIs are net sellers if they sell more than what DIIs buy then the market will go down or vice versa. Today some companies like 5paisa, Sel Manufacturing are declaring their Q3 results. Today market will open with a gap up. It may react in either direction because this month most of the companies are going to declare their results. Let us wait and watch.

Index	Open	High	Low	Close
Nifty50	18,121.30	18,127.60	17,856.00	17,914.15
Sensex	60,805.14	60,809.65	59,938.38	60,115.48
Bank Nifty	42,642.00	42,674.25	41,835.75	42,014.75
Dow Jones	33,516.43	33,726.54	33,421.80	33,704.10
S&P 500	3,888.57	3,919.83	3,877.29	3,919.25
Nasdaq	10,607.72	10,743.67	10,589.59	10,742.63