Decline from life time high 12102 is seems to be corrective and looks like double zigzag in which 12102-11770 as first abc , 11770-12000 as X and 12000-11625 as second abc . Now If correction is co
Normal projection of wave C could be a reversal range in nifty for high above 11118. To find out exact reversal we need to concentrate on the decline from 11118.
It seems Nifty is in wave 3 of (C or 3) and if 3 completed at 11487 then wave 4 retracement levels