1) Nifty is in consolidation mode near channel support. 2) consolidation happening In previous supply zone and trying to break supply zone.. 3) Nifty formed bearish flag pattern... 4) In day chart Nifty swings between .5 and .618 of FIB Levels (11627.55 to 11510), if breaks 11510 the target will be 11130 ( as per confirmation of major support of candle and fibnocci level of 1)
Once Nifty breaks the channel support it will fall down..