Nifty Update for May 12 - Inder Bhatia

The Indian market opened on a higher note and saw selling pressure at higher levels and closed in the red zone. For the coming session one needs to watch the 3479-3535 zone for any bounces. If Nifty closes below 3478, we could see more selling pressure and it could test 3240-3150. On the other side the 3620-3650 zone will act as resistance.