It can be seen on daily Chart that NIFTY is in process to form BULLISH CYPHER pattern.
Which can lead NIFTY to re touch recent lows levels in next 2 months.
If Daily chart NIFTY move out of the SPAN of CYPHER Pattern trade can be considered as closed.
On 15 min TF, can see bearish bat formation on CHOLAMANDALAM.
If on 27th May 2020 stock reach till 126 - 125 level by 10:00 AM, it can be SHORT on Intraday basis with SL at 129 -130 level and target of 119.