Nifty 50 , Any confusion still?

Alight people. Happy new year, this is my first post after the new year.
I was looking for different markets and here is the one which needs some applause

Nifty 50 from India. I like Fibonacci and presenting my idea. Monthly in Red, Weekly in Blue and other fancy things are self explanatory in the chart

Now if you see daily view of this chart, then it's unidirectionally downtrend but I doubt this is the path to 16156 or 15986 or to fake it 15559. Eventually that's the number but the choice is by dance in between to lure people back to trap OR no time for fun , direct drop to trendline support which confluences with 78% retracement weekly. Who knows??
These are the important levels, if you want to try out 78% retracement, more than 75% time price bounces from there for a little before dropping to 16626
if today it closes above 16994 then it's a breather, not an entry point, come on have patience

How to trade this?
You can ask me that question in the comment section if there is any specifics needed