Nifty Update for June 18 - Inder Bhatia

The Indian market opened on gap-down but saw selling pressure in the final hours and closed in the deep red zone.

As we had mentioned about a rising wedge we had closed below the trendline but on the daily chart we are near support zone.

If we see some pullback on upside Nifty could test 4450-4473. Overall the trend is down and trading below 4370 levels we could test 4189-4079.