Nifty came down below 4800 today with moderately low volumes and -ve breadth. Important points for today.
1.Nifty down by 2.0% with 0.21 breadth.
2.134th day since the lows of 5177,200th day since the highs of 6338.
Nifty closed below 4750 on weekly closing basis.Nifty has broken my viewpoint that 4800 will not be breached.I see Nifty is likely approaching capitulation point here.Confirmation of this should be there if Nifty does not gain downside momentum in next week.Monthly range till today is 831 points as against 287 points in July.
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