Nifty Update for April 23 - Inder Bhatia

The Indian market opened on a firm note but saw selling pressure at higher levels and closed in the red zone. For the coming session Nifty is moving in a downward channel. If Nifty trades above 3390 one can go long. However, on the downside if Nifty trades below 3303 on a closing basis one can short for 3263-3240. On the upside 3423-3440 zone will act as resistance.