Nifty came down heavily to around 4900 with low volumes and -ve breadth. Important points for today.
1.Nifty down by 2.25% with 0.28 breadth.
2.209th day since the highs of 6338,9th day since the lows of 4720.
Nifty closed below 4950, 2nd consecutive down day.Volumes were low today.If Nifty goes for a retest @4700 levels(looks less likely to me) than Nifty may well remain in 4700-5200 zone till expiry.But If Nifty recovers from around these levels in next 1-2 days, then Nifty may be headed up for higher levels.
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