Nifty has broken down the channel and can go to much lower levels. But I will wait for the support near 21750 as shown in the chart plan. A breakdown will give target till 21000 and bounce will give target of 22400. I will not take a trade at any other point and will avoid taking trade if nifty does not work as per my plan. No rush to trade whether nifty suddenly...
I will be trading as per chart plan. Will keep SL on any hourly candle closing above or below mid channel.