Dear Friends,
Since Jan 2007 till Jan 2016, The calendar year’s first trading session of Nifty has closed on positive side nine out of ten times.
Only in 2014, The Nifty closed on 01/01/2014 with a minor - 2.35
Of course, we cannot read anything to it. Because,
if the longs would say that, historical evidence is on its side,
Shorts would say that, Law of averages is on its side.
Anyway, here is the last ten years, First session results.
Jan 2007 Nifty gained 41.00 points on the First trading session
Jan 2008 Nifty gained 40.80 points on the First trading session
Jan 2009 Nifty gained 74.30 points on the First trading session
Jan 2010 Nifty gained 31.15 points on the First trading session
Jan 2011 Nifty gained 23.10 points on the First trading session
Jan 2012 Nifty gained 12.45 points on the First trading session
Jan 2013 Nifty gained 45.75 points on the First trading session
Jan 2014 Nifty LOST 2.35 points on the First trading session
Jan 2015 Nifty gained 1.30 points on the First trading session
Jan 2016 Nifty gained 16.85 points on the First trading session