$NIL pulling back sharply after its recent rally, currently tapping into a key demand block near the $0.0900 psychological support zone. Since the broader trend structure remains intact and buyers are attempting to absorb selling pressure around these lower levels, expect a relief bounce toward the $0.1130 resistance area once it stabilizes.

Entry: $0.0890 - $0.0910
Stop Loss: $0.0850
Target: $0.1130