Tech view: The bearish chart pattern of lower tops and bottoms remains intact on Nifty. However, a breakout above 23,350-23,400 could negate this trend and unlock further upside. Immediate support is at 23,000, said Nagaraj Shetti of HDFC Securities, highlighting key resistance and support levels that traders should watch for market direction.
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The buoyancy in taxes, which the government has been experiencing from personal taxes over the last few years, is telling us very clearly that the