Nifty in process of finishing a-b-c counter trend wave 2 today.
Most probably nifty takes U turn from here and head towards 11480 level.
In Daily charts, Negative Divergence and Sell mode in Hourly charts , both confluencing towards downward direction.
11480 is Lakshman Rekha for both Bulls n Bears.
above 11480, Bulls holds strength.
Below 11480, Bears get strength.