Nifty 50 1D: This appears to be a bit messy chart as I tried to present all current technical setups in one. 1) Expanding Channel indicating positional support around 14800 2) Pole & Flag has given breakdown in Friday session which also completes at around 14800 3) As per EW since mid oct it is perfectly moving without any anomalies & grace. Confirming a breakdown below 16265 and in 5th wave which probably should end around 14800 and the last 4) Harmonics ABCD had resistance at 16800 to start its downside journey. Hereon market may remain highly volatile and there will be lot of ups & downs but they're wont be major trend reversal until closes above 16850 (A very strong resistance level). Avoiding any major positional cash buying at present juncture even in strong fundamentally or technically counters as returns in short term may not be in favour. I am already invested around 40% at 15800 in May month fall and will do once levels mentioned above met / reached. Keep eyes !!!