NIFTY
Has a bearish structure at Weekly Time Frame. Some sort of head and shoulder pattern, price trading below 30 MA. Very close to neckline, but formed a pin bar
Daily Time Frame
NIFTY
On daily time frame is at multiple support levels Trading right at 200 MA. At golden fib zone etc and most importantly at previous consolidation region from a where a rally had happened.
Hourly Time Frame
Stick to day trading for the moment until a higher high is form at hourly TF. For which price has to cross 17600.