So we are analyzing nifty in a Daily time frame. Nifty has broken the trendline support On a daily closing basis with a red big candle. Also, we can see the formation of the head and shoulders pattern. The right shoulder is not yet being formed, but if it gets formed and the pattern gets validated, we can see a further downfall. In an hourly time frame, we can also see the bearish chart pattern i.e. Descending Triangle. Even the RSI indicates divergence which is another indicator, So trade cautiously. Don't make any swing Entries in any of the stocks. I will wait until Nifty closes above 22,200 or 300. I need a bullish closing above those levels. Until then, I won't be making any swing positions. Also, the key important levels are mentioned in the chart. If the support level of 21,900 gets broken. We can see a further downfall. This level has been acting as a key support for almost 50 days. So if this gets broken a downfall can be seen. And it can take us till 21,544. And the strong sell-off can continue. We can see further downfall till 21,150. I would remain bullish above 22200. The chart seems weak, so plan accordingly. Also If buying starts from this level i.e. from the current level, we will wait until it reaches 22,300. Let nifty spend some time near those levels. And if we see further consolidation and breakout near those levels? We can go for some swing positions. So currently it's a break-or-make situation for the nifty.