Nifty is likely in an a-b-c correction after making a top at 5181 on 20thoct09.
A wave was 5 waves on hourly chart from 5181-4538.(10days)
B wave is unfolding from 4538-5000?(8 days till 13thnov)
C wave will likely be 6-8 days and should be 640-1000 points(1xA OR 1.6A)
Keeping in mind that Nov26 is expiry, I expect that C wave should be over by 24thNov.
Nifty should be at ~4500-4600 on november30 ie monthly closing, so as to complete the monthly a-b-c correction from 5083-4711-4500(approx).

kaps