Nifty50 is forming LOWER LOWS

NSE:NIFTY   Nifty 50 Index
Nifty is forming a lower lows and there can be a pull back as per the pattern and the Fibonacci level which is mentioned in the chart.
the pull back can sustain only on intraday time frame and not for the swing for upside.

therefore 11770 to 11800 will act as a crucial zone to decide the market movement since 3rd November 2020 is the US election.
post election market can be very volatile and move on either side
Trade closed: target reached: Target Reached