Still we hold recent low made @ 17215 we can still bounce and have probability to make new high In nifty. Once it breaks above level than we can expect a further correction before turning high.
However any good correction should be very good opportunity to buy Nifty for a longer term as we are just in completion of Wave I in Red and still have to make wave III and Wave IV in Red colour which will take Nifty to super high level in coming years