Nifty made a low at 2253 on 27/10/2008 and then made a high at 6338 on 05/11/2010.
In course of corrections, it got support around 4700 level (marked line was not violated twice recently) which looks likely to hold for the time being. In last stage, a 100o points drop required 61 days and recovered 600 points in just 16 days.
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