Nifty slid down below 4900 levels with low volumes and -ve breadth. Important points for today.
1.Nifty down by 1.9% with 0.33 breadth.
2.224th day since the highs of 6338,24th day since the lows of 4720.
Though Nifty fell sharply today but the volumes were very low.This indicates to me that Nifty likely may not breach 4720 lows and should start rising again from here.Retest of 5200 looks to be coming in next few days.
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