Nifty Update for July 9 - Inder Bhatia

The Indian market closed in the red zone. The market saw a gap-down opening due to global weakness but saw smart pullback from day's lows. After an initial fall Nifty tried to recover but closed in the red. The day saw a lot of stock-specific action. Market is in a trading range with a small band of 3900-4100. Any breakout from these levels can see a clear trend. For the coming session 3900-3850 will act as as a support level. On the other side 4040 will act resistance.

HOT BUY: Buy BANKINDIA which is heading for 251.