Jan 1 Market Mixed: Experts Forecast Nifty, Bank Nifty for Jan 2

• Sensex fell 32 points (0.04%), Nifty rose 17 points (0.06%) on Jan 1, closing mixed; Midcap gained, Smallcap dipped.
• ITC was a major drag, falling 10% due to new excise duty on tobacco; ICICI Bank and Bajaj Finance also contributed to Sensex decline.
• Nifty's crucial resistance is 26200-26240, with support at 26030-26000; potential to reach 26400 (Sudip Shah, SBI Securities).
• Bank Nifty showed sluggishness, consolidating within a narrow range; resistance at 59900-60000, support at 59200-59100.
• Nifty's short-term uptrend remains intact, expecting consolidation near 26100-26200 before a breakout towards 26300-26400 (Nagaraj Shetty, HDFC Securities).

Why It Matters: Market closed mixed on Jan 1; experts predict consolidation before Nifty, Bank Nifty rally on Jan 2.