From 15431 it seems like a complex correction is going on where,
15431-14467 1st abc
14467-15336 link wave(X) as double zigzag
15336-14264 2nd abc
At 14573 nifty completed double zigzag correction.
Now trading above 14500 is a positive sign for nifty and it may go for new high unless this correction will turn into triple zigzag correction.
From 13596 wave (i), (ii) and (iii) is completed at 13773, 13778 and 15257.
there is a confusion if wave (3) or (5) is completed at 15257 so we have to depend on the breakeven point which is coming at 14692.
So 14908-14692 will be support range as of now but if nifty trades below 14692 then its a negative sign.
From 14753 it seems impulsive decline is going on and wave and is completed at 14371 and 14491 respectively.
from 14491 wave (1), (2), (3) and (4) is completed at 14260, 14438, 13713 and 13966 respectively and from 13966 wave (5) is started.
minimum projection of wave (5) is already achieved at 13669 and 61% is coming at 13486.
for exact completion range we...
(v of ED) would be complete above 14275 and maximum range is 14340-14391.
And if nifty decline from here below lower wedge line then we have check again for support range and breakeven point in 1hour chart.
Kindly look at the daily chart idea also. link is given below
Retracement from 13967-13864 is not even 23% of wave iii that is why there is a point of confusion if wave v is started from 13864 OR wave iv decline is still pending.
(1) If nifty decline from here then 13847-13722 is support range and 13722 is trend reversal point.
(2) If wave iv is completed at 13864 then 14184-14381 is wave v projection range.
In this daily chart it seems wave (1), (2), (3) and (4) is completed and wave (5) is in progress from 10790. 38% and 61% projection of wave (5) is already achieved so its in extended zone.
Maximum level 100% is coming at 15096 which is rare case.
From 10790 wave (i), (ii), (iii) and (iv) is completed and projection of wave (v) is coming at 14272-14977 range and...
Nifty 15min chart suggest from 13402 wave 1, 2, 3 are completed at 13597, 13447, and 13773 respectively. If wave 4 also completed at 13658 then wave 5 projection range is 13800-13887 but if wave 4 is still running then 13696-13648 is support range in which wave 4 can complete and then 5 will start.
Nifty will be negative if trades below 13648.