Daily Chart of Nifty

It seems the Nifty is moving in Rising Wedge pattern from the lows of 7511 levels.

According to this pattern next target on Nifty can be around 10500-10600 where 61.80% Fibonacci level for entire down-move is lying.

View is negated below the levels of 9500-9600 levels.

For educational purpose.

jagrutshah