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Dalal Street the mecca of investors and trader was filled with full enthusiasm as the Calendar year 2016 tick off with high optimism that this CY (Calendar Year) would be better than the preceding year. However, in the stock market things don’t turnout as we consider or assume.

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Crucial resistance for the index is around 8670 and if index manages to close above this level it could trigger a rally up to levels of 8850.

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Markets are likely to open muted.

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Markets remained in a tight range with nifty consolidating around levels of 8270-8280.

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Markets are likely to open negative on the first trading session of the New Year 2015

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