nifty had closed at 11456.90, currently nifty is in wave c of irregular expanded Flat ABC correction inside wave 4, the support level (pivot point) at 11326.23 proves to be a perfect area of value where the wave c could end. For intraday, on Monday NIFTY will break the low of wave A , which is 11420 Aprox. so the Monday intraday target would 11420.however nifty will continue on a down move until wave c is completed which is likely to be at 11326.23 support level. after that a new up wave 5 or corrective x wave if complex correction follows might begin.