Nifty made a Hammer on January 01, 2016 and 02 January 2016 gave a confirmation that the market Is going to go . As Nifty came bellow our Buy level of 7905 and candle confirming a rally. On End of contract basis a call for short was initiated. The market came lower than target 03 of 7331. The chances are bright that Nifty may bounce back soon if market closes above 7331 on end of day basis.