Nifty Update for June 5 - Inder Bhatia

The Indian market closed in the deep red zone. Markets saw a bloodbath during the trading session. Yesterday we had mentioned that if Nifty is able to cross 4737, we could witness 4832. However, Nifty was not able to cross 4737, and has broken yesterday's low. Breaking below 4626 means our target was 4500-4460, which is the low formed on March 18. Tomorrow, we could see some action at 2.30 pm.