Nifty Update for June 17 - Inder Bhatia

The Indian market opened gap-down but bounced back in the second half and closed in the green zone. After cracking the lower trendline Nifty is still below the trendline seen in the above chart. On the upside Nifty will face resistance around 4553-4600 levels and trading below 4479 it can test 4450-4400.