Vineet,
Since u r well-conversed with the theory & practical usage, u would have noticed that such divergence usually leads to failed breakdown in 1min charts...
The new low does not go much below prev. low, and then goes above prev. low....
(this results in new low in price, but not in RSI - leading to divergence)...
Main trigger is crossing of prev. low...
Next...
if nifty comes down now at or near the new low, does not make a new low, and again crosses prev. low, it will go far above the prev. pullback...
the result is shown in higher timeframe - 5min....
hope we het to see this now...