Nifty Update for February 11 - Inder Bhatia

The Indian market opened on a slightly higher note and traded positive for the day. For the coming session one could keep a stoploss of 2870 for longs, Market is in an overbought zone on the hourly chart and we could see profit-booking near 2970. If Nifty trades above 2870 it could test 3050-3100.