Nifty Update for June 16 - Inder Bhatia

The Indian market opened gap-down but bounced again and saw selling pressure at higher level to close in the red zone. As we had mentioned in the weekly update about rising wedge still we had close near support zone on lower trend line if cracked with volume we can see more sell of and lower side it can test 4320-4189 zone. On the upside trading above 4555 level it can test 4580-4609 zone