Nifty Update for January 30 - Inder Bhatia

The Indian market opened on a higher note near resistance 2870 but was not able sustain and closed in the red zone. The market saw a choppy session due to the last day of expiry of the derivatives contracts. For the coming session if Nifty trades above 2870 which is the main hurdle, it could test 2907-2940. On the lower side 2775 will act as a support zone.