**My View on NIFTY 50 — Daily Chart**Nifty 50 IndexNSE:NIFTYsalaisargunansp**1. Key Observation** NIFTY is forming a lower-high structure below the major volume zone around **24,000–24,500**. The current blue-line structure looks similar to the previous corrective pattern, but a full repeat is not confirmed yet. **2. My View** Bias remains bearish while NIFTY stays below the recent swing-high zone. However, I would not treat **20,000** as confirmed immediately. First, NIFTY needs to break the **22,000–22,200** support zone with strong selling confirmation. **3. Invalidation** The bearish study becomes weak if NIFTY reclaims **24,800–25,000** and sustains above it with volume. **4. Risk-Reward** The downside setup offers favorable risk-reward if short entries come near resistance or after confirmed breakdown, with risk defined above the recent swing high. **5. Target Point / Range** TG1: **22,000–22,200** TG2: **20,600–20,000** Extended support: **18,778** **6. Why It’s Good for Short** Lower highs are forming, recovery attempts are struggling near the high-volume resistance zone, and a break below 22K can open the path for a larger correction. **7. Time Period** This is a **medium-term bearish view** for the next few months. Key sequence: **23.4K → 22K → confirmation → 20.6K / 20K** #NIFTY #NIFTY50 #PriceAction #VolumeProfile #BearishSetup #MarketCorrection #SwingTrading #OptionsTrading #IndianStockMarket