The Nifty broke 4,700 today. Sudarshan Sukhani of s2analytics.com says, the Nifty will eventually slide down to 4,600. "The range that we were looking at for the last two-three days is now decisively broken."
He further says, the Nifty could retest the lows of 2011 in January. "There is significant selling at higher level," he adds. According to him, itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!