NIFTY: Trend Shift Signals Deeper Correction Potential

Topic Statement:
NIFTY has broken below its long-term up trendline, indicating a shift in trend with potential for further downside.

Key points:
1. The price has breached the long-term up trendline, suggesting a bearish or sideways trend.
2. Immediate support may be found at the 23.6% retracement level at 21,851.
3. Further correction to the 38.2% retracement level at 19,100 is possible.
4. The trend will remain bearish or sideways until a breakout above the down-trendline occurs.