SGX Nifty at a critical level

• There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily.
  
• SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level.
  
• The RSI is in oversold territory and there is a divergence on 4hr.
  
• I think this is a shakeout move before moving back up.
  
• Take positions only if you understand what you are doing, else you are going to wind up with heavy losses.
  

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.