NIFTYlogy for 3rd June

Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.
Profit booking was seen at higher levels.
Most of the Asian markets ended negative.
Markets are looking heavily overbought.

NIFTY Trin - 1.694
Nature - Overbought

NIFTY Levels for 3rd June :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656

Stocks looking strong for short term : HCC , LNT, RNRL, Cairn India and Hotel Leela.

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