We will not consider it downtrend unless it breaks its previous swing low of 14230.
Breaking low of 14230 will make a kind of pattern and staying below that level
will bring nifty to downtrend.
As per my view nifty should take support at current level which is 100 period ,
another is 14075 which is also 200 period of 1 hour time frame,
breaking 200 will lead to extreme of 13765.
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Updated on : 23-JAN-2021 2.25 pm
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