Nifty Update for December 4 - Inder Bhatia

The Indian market opened on a positive note but drifted in to the red zone, trading lackluster and in a narrow range between 2600-2670, throughout the session and closed in the red zone. For the coming session if Nifty trades above 2695 it could test 2754. On the lower side 2570 would act as a support zone. Below this, the 2500 level is the main support. Markets are trading sideways, so one should wait for a breakout on either side.