Nifty Future for January 2 - Rakesh Chandra

The market is behaving in the same way as pointed out in the earlier report. Now the market is near the upper resistance line. It requires one more day to trade and confirm change. In the later part of the day momentum was strong. It looks like we will cross or touch the boundary line. Then we would have both side possibilities for market movement. Let the market give a clear trend first then we will play accordingly.

Stay long with stop loss. Those stocks that did not perform earlier would do better.

With stoploss 3,039 buy above 3,051. for target >3,072>>3,105>>>3,125.

With stoploss 3,052 short below 3,039.39 next day with lower target >3,019>>2,986>>>2,966.