Nifty Update for March 2 - Inder Bhatia

The Indian market opened gap-down and drifted lower as GDP growth numbers came at 5.3 percent. This saw a U-turn in the final trading hour and a close marginally in red zone. For the coming session the market is trading in a narrow range of 2807-2670. On the larger scale Nifty is trading in a triangle. A close below 2670 could see the Nifty test 2560-2440. On the upside 2840-2902 will act as a strong resistance zone.