Nifty Update for July 22 - Mission 271 - Inder Bhatia

The Indian market closed in the green zone. The market saw a gap-up opening with positive buyers and saw a channel breakout on the hourly chart at the end of trading session. Nifty is near our weekly resistances of 4215, so we can see some profit booking. If the Nifty crosses 4220, then we can see more upside to 4300-4363. On the lower side 4100-4040 will act as resistance. After today's vote of confidence, a clear direction would emerge. As for now, it's Mission 271 for the UPA.