As per the studies given by Thomas Bulkowski on Big M Pattern Formation, Currently Nifty is exactly trading on that pattern formation, and on Downside, Nifty 50 may make support @ 11145-11111-11071 range,
Nifty must hold this support range for Upside Breakout.
as per the Analysis, Nifty 50 may take some time to cross its Life time high above 12100, expecting around 30 oct to 15 november.
on Time period basis, Detailed analysis is given.