Nifty Update for June 3 - Inder Bhatia

The Indian market opened on a higher note and witnessed a selloff at higher levels. It was a rollercoaster ride for the market ending with a flat zone. We had mentioned the Nifty is moving up and RSI coming down, hence we are witnessing negative divergences. If the Nifty trades below 4515 it could test the 4480-4457. On the upside trading above 4554 it will test 4589-4619.