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January 4, 2022

The BSE sensex closed the shop at 59,855UPby 672 points and the Nifty close the day at 17,805 byadding179 points.

On the Upside: Ntpc, Ongc, Sbin, Powergrid
On the downside-Tatamotors, Coalindia, Tataconsumer, Sunpharma

Tech View:-Today’s early morning session due to global cues and The BSE Sensex was at 59,375, up nearly 200 points, while the Nifty50 was up 60 points at 17,689.After hitting a low of 59,084 in early deals, market cover up the early losses made a high of 59,937 eventually BSE close with the gain of 672 points and Nifty50, gain 181 points to settle17805 .
Indian Vix down around 2%, closed @ 16.12.
Sectorial; Nifty Energy, Nifty CPSE, contributed 2 % gain individually.
Nifty have formed a strong Bullishcandle on daily chart, RSI and MACD signals positive. Going forward17700-17800 will act as a major support if nifty sustain this level we may see 18000 mark in few upcoming session, Up side17900-18000 will act as a resistance.

European & USA markets: @ IST 5:00 European markets were trading atPositive note. Where the Germany’s DAX tradingPositive by 0.71 %, other hand France’s CAC40 indexrunningPositiveby 1.37% where; England’s FTSE100 indexPositive by 1.30%.
Where; wall street @ IST 05:00 The DOW future contract tradingPositive143 points, S&P 500 Future trading Positive 20points, Where; Nasdaq100 futurePositive 71 points.

Global News Analysis:

LONDON- Global manufacturing activity remained strong in December as factories took rising cases of the new Omicron coronavirus variant in their stride, although persistent supply constraints and rising costs clouded the outlook for some economies
JAPAN -Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
LONDON:-Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of COVID-19