#Banknifty directions and levels for January 1st.

Here are the directions for January 1st: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -40.

Structurally, both Nifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."