Federal Reserve Keeps Markets on Tenterhooks

The markets were off to a sedate start at the beginning of 2023. For the initial couple of days there was no evidence of any aggression seen anywhere. But the indices fared okay with the bulls wanting to have a go at it. However, it was difficult to spot trades and it looked like the market was waiting for some triggers. However, the next couple of trading sessions turned out to be a nightmare for the market participants as Nifty formed a sizeable bearish candles along with lower high and lower low and at the same time it tested the 100 DMA on intraday basis.