The benchmark index, Nifty50 breached its previous 4-day consolidation pattern on the downside on Wednesday to close below 11000 levels. On the daily time frame, the index witnessed a breakdown from the bearish flag pole pattern which can further sink prices towards its next immediate support which is placed at 10,600 levels. Previous three days candle formation suggests that the immediate pullback got capped at 11,200 levels and the index has now opened gate for further downside. The NSE-NIFTY reversed before visiting its short-term moving average placed at the 20-day EMA the daily interval. On the Options front, maximum Put open interest is placed at 10,850 followed by 10,500 strikes while the maximum Call open interest is seen at 11,000 followed by 11,500 strikes. The next immediate support for Nifty50 is placed at around 10,750 and then towards 10,600 levels, while resistance is observed at 11,110 and then towards 11,200 levels.