#Nifty directions and levels for July 11th:Nifty 50 IndexNSE:NIFTYManickamtradersGood morning, Friends! 🌞 Here are the market directions and levels for July 11th: There have been no major changes in the global market. It has been maintaining a moderately bearish sentiment, and our local market is also showing a moderately bearish tone. Gift Nifty is supporting this view by indicating a gap-down start of around 110 points. So, what can we expect today? In the higher time frame, the market still holds a bullish bias, however, the lower time frame reflects bearish sentiment. If we analyze this with chart patterns, it appears to be forming a channel pattern. So, if the market finds support near the bottom of this channel, it may take a pullback after the gap-down, which would mean the channel pattern may continue further. On the other hand, if the market declines sharply or consolidates near the channel bottom, then the correction is likely to continue.