1.U.S Markets closed flat Yesterday.
2. Right now , U.S Markets are lower.
3. Asian markets are higher.
4. SGX Nifty is down 40-50 Points.
5. Yesterday we had opened with a gap up.
6. I had advised not to chase the gap up.
7. The gap up was near the upper end of the range.
8. Market reversed after opening Yesterday.
9. Today we are having monthly expiry.
10. Whole of the January month nifty and Bank nifty were in 3% range max.
11. It was a month of consolidation for index.
12. 2022 was highly Volatile year for the markets.
13. 2023 begins with a consolidation.
14. This isn't bad for the markets
15. There is upside in the markets only after consolidation.
16. With Volatility, upside in the markets wouldn't sustain.
17. 18000 to 18200 is the range for today.
18. After 2 pm there are generally big moves on the day of monthly expiry.
19. One has to be careful of holding trades till 3.30 pm.
20. Maruti has come up with better than expected results
21. Auto stocks should be in focus.
22. Nifty might trade between 18000-18200 today
23. Bigger move would happen only if the above range gets breached.