Nifty Update for November 7 - Inder Bhatia

The Indian market opened on a weak note and saw smart recovery in afternoon session. The market fell sharply after the inflation number came in higher from last week and closed in the deep red zone.

For the coming session 2832 would act as a support zone. If we break 2825 we will test 2754 zone. On the upside 3008 would be a strong resistance zone. We could see some bounces from 2750 levels and the 2.30 factor would be important.