Tech View: A long bearish candle forms on the Nifty. This is the Wednesday trading strategy.

On the daily chart, the Nifty finished Tuesday's trading session 6% lower at 21,884.50, forming a lengthy bearish candle. It also closed below the short- and medium-term averages. The major resistance regions for traders right now would be the 50-day SMA, or 22,400/73,500 and 22,500/74,000, while the important intraday support zones would be 21,600-21,300/71,000-70,200. According to Head of Equity Research at Kotak Securities Shrikant Chouhan, "We are of the view that the current market texture is extremely volatile and uncertain; hence, it is advisable that traders should remain cautious for next few trading sessions."