If NIFTY is at the then, it can reach to the target of 11546 as recovery before election result/after the election results. That would be debatable to comment on.
The levels of 11070-11100 have the strong support levels if it breaks then expect further selling till 10780-10800 levels.
Thus, a smart move is must required here.
Om technical fronts lots of indicators are showing oversold conditions on 1 hour, 2 hour, 3 hours, 4 hours and on patterns. Though doesn't guarantee the up move but can be considered as an positive option for bulls.
Be wise with trade.
And have strict Stop-Loss in the system. VIX is at 27 level and if it crosses 31 levels then start expecting high in the market with 200-400 points in Nifty as a normal move.