The Nifty index opened on a positive note on June 1 but saw strong resistance at 18,600 levels and fell below 18,500 mark in the 2nd half of the session. The Nifty broke the previous day’s low and ended at 18,488, down 0.25 percent.
On the daily time frame, the index formed a bearish candle and closed at a 4-day low after filling the rising gap which shows profit booking has happened at higher levels.