ew as on 16.09.11 j.n

6339 to 5177 - A (in 3 waves)
5177 to 5944 - B (in 3 waves)
5944 to 5329 - 1 (alt. is till 5196)
5329 to 5740 - 2 (with irregular "b" making 5196 low)
5740 to 5497 - "i"
5497 to 5702 - "ii"
5702 to 4720 - "iii" (It is also possible "iii" ended at 4796 and "iv"th @ 4966 & "v"th ended @ 4720)
So 5702 to 4720 - 3 (alt.view)

Hence 5329 would negate this 4th.

It could also be labelled as "ABCDE" and D leg is in progress moving upto the downward sloping trendline.

When you combine regular TA using macd/ stochastics, this ST uptrend was visible from 4720.