Nifty short term view
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Current formation of Nifty 50 on point and figure chart is bullish ABC breakout. If trend continues we can expect 18700-18900 in coming days. X% breadth of Nifty 50 is in neutral zone so any breakout trade will be opportunity for fresh entry. Short term support is near 18000-18100 and short term resistance is 18800-18900.
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The current bullish ABC breakout formation on the Nifty 50's point and figure chart suggests a positive momentum, with potential targets in the 18,700-18,900 range if the trend persists. The X% breadth being in a neutral zone indicates that any breakout could present a good opportunity for fresh entries. Immediate support is around 18,000-18,100, while resistance lies near 18,800-18,900. Watching these levels closely will be key to assessing the next move.
