Nifty Channel Analysis

NSE:NIFTY   Nifty 50 Index
Nifty is creating downtrend cannel pattern in 30 min charts. We can short the Nifty when its in the top most of the channel. If it breaks then market is bullish .
As we have seen profit booking in upper zone, so kindly be a little more cautious in market.
Trade active: As on Friday closing the nifty took resistance at 15840, after that we saw sharp correction.