One year levels.Nifty 50 IndexNSE:NIFTYpsharma1361Nifty 50 – Long-Term Monthly Outlook Nifty has broken out strongly and is currently trading around 23,592, holding above the major support zone at 22,058. The chart highlights a bullish continuation structure with key support and resistance levels clearly defined. Key Levels Major Resistance / Long-Term Target: 34,101 Intermediate Resistance: 26,392 Current Price Zone: 23,592 Primary Support: 22,058 Secondary Support: 20,144 Major Demand Zone: 18,582 Expected Price Path Bullish Scenario (Preferred) As long as Nifty sustains above 22,058, the broader uptrend remains intact. A successful breakout above 26,392 could trigger the next leg of the bull market. Once 26,392 is decisively crossed, the index may advance toward the long-term target zone near 34,101. Corrective Scenario Before resuming the uptrend, Nifty may witness a healthy retracement. Initial downside support lies at 22,058. If selling pressure increases, the correction could extend toward 20,144. The 18,582–20,144 zone represents a strong long-term accumulation area where buyers are expected to emerge. Market Structure Interpretation Above 22,058: Bullish bias remains intact. Above 26,392: Strong bullish confirmation and continuation toward 34,101. Below 22,058: Deeper correction likely toward 20,144 and possibly 18,582. 34,101: Major long-term resistance and projected upside objective. Summary The monthly trend remains structurally bullish. The 22,058–20,144 zone acts as a critical support area, while 26,392 is the key breakout hurdle. A sustained move above this level could open the path toward the long-term target of 34,101 over the coming years, whereas any correction into the support zones would likely be viewed as a buying opportunity within the broader uptrend.