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NIFTY 50 1D TF DOUBLE TOP PATTERN

Short
NSE:NIFTY   Nifty 50 Index
NIFTY 50 1D TF forms a double top pattern potentially indicating a fall nearing the monthly expiry of 25 MAR 2021.
Comment: NIFTY - Parallel BULL Channel is Maintained (unlike in BANK NIFTY).
14,350 to 14,878 - 500+ pts.

For the Bullish channel to maintain, Nifty would have to close the Expiry above 14,491 in my view.
Comment: BANK NIFTY - 33,578, At a critical juncture. (Beginning to Underperform NIFTY in a big way, could also be a problem for NIFTY, if supports not held)

In a DOWN TREND, as confirmed by MACD Cross over (since 19th FEB).

In my view, the parallel channel has to hold, else Supp-29,687
Comment: As of 25MAR2021 NIFTY 50 has fallen 224.5 points on the monthly expiry, closing below the 14450 support as depicted by the 1D TF chart.

A movement of 415 points since the idea was posted.
NIFTY 50 CMP @ 14324.

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