Nifty has a Head and Shoulder Pattern and Double top formation in the daily charts, In case of H&S pattern the neckline is at 19330 if the neck line is taken out with good volumes 19220 could be seen as a strong support and a break below 19220 with very strong volumes can take the index to 18950 and 18450. The fall up to 18950 can be quick.
In the case of Double...
ABFRL has a perfect double bottom formation with neckline at 235, the counter has broken above 235 with above average volumes can be bought for a target of 260.