This is 45min chart of nifty in which from 15431 it seems a complex correction is going on. from 15431-14468 completed as abc pattern and bounce from 14468-15336 is a link wave X which is completed as double zigzag correction. again from 15336-14264 is completed as abc pattern.

So as of now from 15431 to 14264 is looks like a double zigzag correction and nifty can bounce above 15431 unless this double zigzag correction will turn in to triple zigzag. for that we need to concentrate on the bounce from 14264 in lower timeframe chart.

This is 15min chart of nifty in which from 14264-14447 wave (a or i) is completed and from 14447-14272 wave (b or ii) is completed. In wave (c or iii) wave 1, 2, 3 and 4 is completed at 14573, 14474, 14783 and 14670 respectively in which wave 3 is not extended so we can expect wave 5 to be extended(project 61%).

In case if nifty decline from here then 14734-14646 is an immediate support range. and if it trades below 14646 then only negative.

In this 5min chart of nifty from 14670 wave (a or i) and (b or ii) is completed at 14815 and 14692 respectively and from 14692 wave (c or iii) is in progress.

14838-14810 is an immediate support range in 5min chart and if nifty trades below 14810 then only we can think of next support range discussed in 15min chart.

Overall we can conclude that from 15431 to 14264 nifty has completed double zigzag correction and nifty can bounce above 15431 in coming days. But we need to concentrate on the bounce from 14264 for immediate move which we have discussed in 15min and 5min chart of nifty so plan your trades accordingly. Thanks