In hourly chart it seems wave (c or iii) is still running from 11535 and from 11535 wave (i), (ii) and (iii) is completed at 11921, 11756 and 13146 respectively and wave (iv) is completed at 12790 or still running and wave (v) is still pending. So overall nifty is positive as long as trading above 12530. projection of wave (v) is coming at 13405-13785 range from 12790.