There is no visible RSI divergence with price, hence we should still see some lower levels for Nifty. With the flag pattern, the minimum target is width of flag marked as green on charts.
Will it form the divergence? or further continue to slide further time will tell. Stay tuned!!
Continuing my prior idea on Axis Bank, the ongoing small consolidation channel will provide the next trend direction. It's on the higher time frame support line. Although my personal preference is bulls, bears do not give up easily :).
Levels shown on charts for trading. Use minimal StopLoss for any directional trade after breakout.