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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