Nifty went below 4850 levels before recovering amid moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 0.6% with 0.44 breadth.
2.254th day since the highs of 6338,54th day since the lows of 4720.
Nifty came around strong support zone of 4800 and recovered some ground.today was 13th day since the swing highs of 5399.Also today was 7th consecutive down day.Nifty is showing divergence since last 2-3 days,so pause/bounce in Nifty shud come anytime now.Nifty is down for 3 weeks now and this downmove shud last for another 2-3 weeks. Nifty's range for november is 489 points till today.This week's range was 391 points.
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