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is NIFTY showing false breakdown as it has shown on 20th DEC

Índice Nifty 50 (NSE:NIFTY)  
Wealthcam  
NSE:NIFTY   Índice Nifty 50
Trend Analysis Multiple Time Frame Analysis Supply and Demand
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trendanalysis mtfa supplyanddemand
as we analysed yesterday that technically nifty had officially broken down of its support in 1 day time frame but similar breakdown has been seen on 20th of DEC 2020 which could not sustain and was more like event influenced and hence this breakdown is also influenced by global scenarios which could lead to false breakdown, hence we can make new buying position as soon as last days high is broken above and if gaps down we can make new buying position

level to watch is 16860
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