MY VIEW

To day market ended near 4600 levels. Technically, in nifty chart, continuously for past three days doji's are formed. This denotes that market is heavily resisted at this levels. To my mind ,still I expect a 300-400 points correction in come week; this week it self, expected this but did not happened.May be market players are waiting for monthly iip data which will be released on jun 12 and may be a trigger for either side I hope so. In addition index heavy weights reliance chart also shows some weakness with decreasing volume.Furthermore global cues did not show strong recovery.Let us watch what happens next week.
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