Tech View: Nifty downhill trajectory suggests more pain. What traders should do on Wednesday

Nifty’s short-term trend is down and more weakness in the short term is expected. The next important support zone to be watched is around 20,950-20,850 levels, which are coinciding with supports of the previous up gap of Dec 14, swing low of Dec 21, and also 38.2% Fibonacci retracement of Oct 23 bottom to Jan 24 top