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Expiry Week Tactics !! (23rd Jan 2023)


1. U.S Markets closed higher Yesterday. 
2. Right now , Dow futures are mixed.
3. Gift Nifty is indicating a flattish opening. 
4. Asian Markets are mixed.
5. Saturday was a special trading session as Monday was a holiday. 
6. Many traders and investors didn't have any clue even on Saturday that the markets were open.
7. As it was announced quite late & was a last minute decision by the exchanges.
8. That's why there were very low volumes on Saturday.
9. Both the FII' s & DII"s were enjoying a holiday. 
10. Mutual funds were closed on Saturday hence there was a minimal DII activity
11. FII's were mainly in leave.
12. Markets in January have been quite Volatile but within a range.
13. It broke 21800 but the momentum couldn't sustain. 
14. It broke 21300 on the lower end but again came back into the range 
15. Bank Nifty witnessed Saturday buying but it was on low participation.
16. Hence the rally is to be confirmed today.
17. ICICI Bank came out with results & its ADR was up 3%.
18. ICICI Bank & Kotak bank results are truly capable of gaining momentum in Bank Nifty.
19. Nifty might trade between 21500 to 21800 today.

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