Correction to 13740 (23.6% of wave 1-5 i.e. 14753-10828=3925 x 23.6%=13827) roughly coincides approx 61.8% with the last move (wave 4-5 i.e. 14753-13193=1560 x 61.8%=13789) So we may see a good rally up to 14246 or even more up to 14600
Nifty50 is right now undergoing complex correction (a-b-c). Here 'c' is 1.382% of 'a' and Nifty is down 61.8% of the recent move. I think Nifty likely to bounce back from this level and worse may be over.