Nifty Update for December 12 - Inder Bhatia

The Indian market ended with marginal loss after a flat opening but recovered from the lower levels. For the coming session if Nifty crossed 2945 it could test 2980-3050. On the lower side 2860 would act as a support zone. We can see choppy trades for the session on the release of IIP data for October 2008. For any longs 2860 level would be a stop-loss.