Nifty Update for June 10 - Inder Bhatia

The Indian market closed deep red due to heavy selling pressure. Today the market reacted very badly to global cues, like the crude oil price spiking above 139$ a barrel. Nifty opened gap down below 4500. Nifty made a new low, breaking the trend line, but managed to close above it. If we open gap up tomorrow and sustain, then 4650-4700 level can be seen, in the forthcoming session. However, breaking below 4420, more weakness can seen