NIFTY Correction

Jan 23

As of todays fall confirms the market has made a new low and entered into the lower top lower bottom trend. It has breached the primary trendline which was from Nov 1 and now it looks like NIFTY will stay in a down trend till 20100 and then the major support is at 20500 where the main Gap up is. Earlier it tried to re-enter the primary trendline but failed and today's 200 point fall confirms the breakdown.