Down Trend start, Next Target is the Channel Bottom.

Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern.

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Refer this link :

Operación cerrada: objetivo alcanzado:

NIfty50 Reached Target 1 is 0.5 Fibonacci Retracement. Refer below image.
So it may correction for Down Trend. Hereafter, continue to Down Trend.

Operación cerrada: objetivo alcanzado:

2nd Target Channel Bottom Reached. Refer this image.

Operación cerrada: objetivo alcanzado:

3rd Target 1.2 Fibonacci Level Reached. Refer this image.