Nifty fell further below 4800 levels with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.6% with 0.2 breadth.
2.225th day since the highs of 6338,25th day since the lows of 4720.
Nifty is near the lows of 4720 .Weakness is there in Nifty but I don't see crash of Nifty below 4700 from here in near term.Nifty has taken 25 days to retest the lows, so the probability of durable bounce from here looks more likely to me,though now there could be minor breach of 4720 also.
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