Nifty Update for July 15 - Inder Bhatia

The Indian market closed in the red zone. Markets saw rangebound movement and it was a volatile trading session. Nifty is hovering in a small band - if it breaks this band, around 4010, it could drift to 3960, i.e. the lower channel trendline.

For the coming session, 4100 will act as a resistance while on the other side, 3960 will act as support zone. On the daily chart, the indices have formed a Doji, which indicates uncertainty.