Nifty Update for January 21 - Inder Bhatia

The Indian market opened on a weak note and closed in the red zone. The market opened gap-down and traded in a narrow range. For the coming session if Nifty breaks 2701 we could see a stiff sell-off and on the upper side 2877 would be a strong resistance zone. Nifty is trading in the 2700-2900 range.