Nifty is still in the same bearish channel, last week Nifty did not work as per my analysis so I cancelled the trade. Nifty is again giving opportunity to go short. I will short on a bounce near mid channel and keep strict SL of no more than 20-30 points above it. The target can be channel bottom, hence I may carry the same trade till next to next expiry, if SL is not hit.