1- It seems nifty is retracing from a prior bull run.and still bull run is in tact. 2-Nifty has strong support at 11468. 3-If it breaks this decisively nifty may fall to 11267. 4-Nifty yet to fill the gap may go down to 11428 to fill up the gap. 5- if it is unable to break 11468 it may bounce from here temporarily.