Nifty Update for June 26 - Inder Bhatia

HOURLY CHART: The Indian market closed in the green zone. The day started with markets seeing a gapdown opening due to the CRR hike by 50 basis points. As the day progressed we saw a smart pullback and strong recovery across the board. On the hourly chart some divergence on RSI can be seen, and Nifty has closed above the down channel line. We could see some bounces from current levels to 4327 and above that, to 4530 level. Today's low would be the stoploss.

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