Nifty Update for January 22 - Inder Bhatia

The Indian market opened on a weak note and closed in the red zone. The market opened gap-down and slipped sharply during final trading session to close near the day's lows. For the coming session, it will be a make-or-break day. Nifty has closed below the channel line. If it trades below 2690, it could test 2630-2590. On the upper side, above 2729 it could test 2780-2801.