In this 1hour chart it seems from 15431 to 14151 a triple zigzag correction is completed. If nifty needs to bounce from here then it should trade and sustain above 38% retracement level given in the chart which is 14360. Now lets analyze bounce from 14151 in lower time frame.

In this 5min chart of nifty from 14151 to 14461 an impulse move is completed and from 14461 nifty declined almost 61% of the previous move with a corrective pattern so most probably at 14461 (a or i) is completed and (b or ii) is completed at 14273 and minimum projection of wave (c or iii) is coming at 14583-14656 which can achieve in coming sessions.

But if nifty trades below 14273 then it will be a negative sign.