Nifty slid sharply below 4700 with moderate volumes and -ve breadth. Important points for today.
1. Nifty down by 2.2% with 0.3 breadth.
2. 257th day since the highs of 6338, 57th day since the lows of 4720.
Nifty breached the lows of 4720 today and also made a new yearly low breaking 2010 low of 4675.today was 16th day since the highs of 5399.With todays fall, Nov range is 686 points.Nifty is in clear downtrend but is entering into strong support zone of 4500-4700.So if Nifty bounces from here , then reattempt at today's low shud be limited to around 4500-4600.
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