Nifty Update for January 16 - Inder Bhatia

The Indian market opened gap-up and saw good recovery at the end of the session to close with handsome gains. For the coming session if the Nifty trades above 2879 it could test 2920-2940 and on the lower side 2813 would act as a support zone. On the lower side a trade below 2807 could see it test 2769 -2735.