Nifty Update and Hot Stocks for June 20 - Inder Bhatia

The Indian market closed in the red zone. Markets saw selling pressure again; the bears pulled the market to the lower side and Nifty closed near the day's low. Nifty is now near the lower channel line, and breaking the lower channel line could see it drift to 4375 or perhaps a new low. Below 4470, it will be a weak sign for the bulls. If we see bounces from the lower channel end, 4535 would act as a resistance. If Nifty is able to cross 4535, it could test 4570-4600.

HOT STOCK: M&M ABOVE 574 TGT 581 >593 Stoploss 568.

STOCK TO WATCH: BAJAJHIND.