Nifty went further down towards 4750 with low volumes and -ve breadth. Important points for today.
1. Nifty down by 2.2% with 0.3 breadth.
2. 269th day since the highs of 6338, 28th day since the swing highs of 5339,12th day since the lows of 4639.
Nifty has now retraced almost 80% of its upmove from 4639-5099 in 3 days.Nifty is testing 4700 zone for the 4th time since August.Last time 4700 was breached marginally.Nifty may further breach 4700-4600 zone marginally and hover around here for sometime for capitulation if it does not crack down big from here.December range till now is 344 points.
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