Nifty Update for June 9 - Inder Bhatia

The Indian market opened gap-up but after opening it traded in the red zone and closed in the deep red and negative note. As last week we had alerted about negative divergences on the hourly chart, today we had seen the effect of divergences. For the coming session trading below4405 Nifty will test 4360-4323. On the upside 4510-4523 will act as as resistance. The main support is 4189 level, the uptrend line show on the charts.