Nifty Intraday Update

Nifty Finally acheived C=A near 11020 and touched the lower Channel line clearly today. After that the Hourly RSI has a positive divergence and Nifty Hourly momentum is in buy mode. Wave 4 is mostly over and worst is over for market in my understanding. Wave 5 up Hurrah! will slowly but surely start. If nothing else you should get a decent bounce back in the market from here and then look for more confirmation. A retest of the 20dma or 61.8% retracement mark at 11450-11520 to start with.