Nifty Update for June 27 - Inder Bhatia

HOURLY CHART: The Indian market closed in the green zone. The market opened on a flat note and saw smart recovery in the final hours of the session and touched our first target 4321. For the coming session, if Nifty is able to cross 4340 it can test 4370-4400. On the lower side 4240 will act strong support zone. One thing to notice is that 4400 will 50 percent of downfall from 4700 to 4090 area, so it will act as a strong resistance zone.