Nifty Update for December 5 - Inder Bhatia

The Indian market opened on a flat note but saw smart buying across the board and closed with handsome gains. After lower IIP number 8.40 percent for the week ended November 22, the market broken the narrow range and close near the day's high. For the coming session, if Nifty is able to cross 2436-2850, the main hurdle it could test is the 2950-3070 zone. On the lower side 2730 is the support for the day and the main support is the 2633 zone.