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.