Nifty Spot Hourly Chart EOD 11th June, 2014

If 7579.3 is broken the the contracting triangle assumption will be out and a flat correction will come in with the move as b-leg inside e-leg of the 2nd corrective.
The retracement levels are :
7607 - 23.6%
7560 - 38.3%
7522 - 50%
7484 - 61.8%

Flat 
c=a gives 7597 (done)
c=1.618 x a gives about 7522

7522 is a genuine buying or support level for Nifty Spot if price breaks 7579.3.