According to us, 24,100 is a level to track as a resistance. Once we see a decisive level above that, then we can say that there is a chance of trend reversal, but till then the trend will remain down only because if we go by the moving average setup also, Nifty is currently trending below 5, 10, 20, 50 and 100 days exponential moving averages and Nifty has never closed above its 10 days moving average since the starting of this correction which started actually from the month of October
