Bounce from 11185 is looks like an impulsive wave and wave v of that impulse has already achieved its minimum projection.
Now this impulse can be:
(i) wave C of irregular correction-Nifty can decline below 11185 in that case.
OR
(ii) New impulse- Nifty can give retracement of this impulsive bounce and then again bounce above 11794.
Now this impulse can be:
(i) wave C of irregular correction-Nifty can decline below 11185 in that case.
OR
(ii) New impulse- Nifty can give retracement of this impulsive bounce and then again bounce above 11794.