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The key support levels for Nifty in the short-term are 13,750 which is a 61.8 percent retracement level of the rise from 13,131-14,753.

January 29, 2021 / 07:22 AM IST
 
 
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Nifty has been forming a lower low lower high pattern and moving lower ever since it faced rejection near the 14,753 mark.

On January 28, the index tested a low of 13,713.

The correction seems to be broad-based as the midcap, smallcap and most of the sectoral indices seem to be moving lower with the benchmark index.