Nifty in Point and figure chart (above) is pointing towards a very interesting figure in daily charts. It has formed a for box bottom and also Four box top which is clearly a giving an indication of indecisiveness. Any break above 5500 would result in a bullish break out which has potential of moving at-least 400 points and in the same way if any close below 5325 has same potential of moving down i.e atleast by 400 points.

M.Sri Mahidar

Trend is friend.