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
dailychartElliott WaveNIFTYniftyanalysisniftytrendRising WedgeWedge

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