Indian benchmark indices ended on a flat to negative note after a volatile session amid August F&O expiry. The benchmark index Nifty opened on a positive note but started declining since the very beginning. Nifty bounced back in the last half-an-hour to close on a flattish note. Nifty has corrected for two consecutive days post a Doji at all-time high level. Hence, we may see some more correction in the near term if Nifty slips below 11640 level, in which case, we hold 11620-11595, followed by 11530, as the supports. However, Nifty succeeded in taking a support at 50% retracement of the prior upward rally from 11532 to 11760 making a hammer-like pattern on the daily time frame. Hence, in case Nifty reverses from here and crosses the crucial level of 11690, we hold 11700, followed by 11760, as the resistances.