Nifty is likely to retrace 0.618% of the drop from 11760 to 10000 which falls in the 11100 range which can be wave 1 or A . Wave B or 2 is likely to be an abc ziz zag . Wave A (impulse) is over and wave B (corrective wxy) is also over .Though a possibility that we are still in wave B is there but slim . Now we seem to be in the last leg C of the ziz zag . The end of C should correspond with meeting the trend channel of ABC along with 0.618% ret 11095 to complete wave B/2.