Tech view: Lack of strength limits Nifty’s breakout potential, key support at 23,150. How to trade on Friday

January 16, 2025

Nifty’s short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest a sustained move above resistance could drive Nifty higher, with volatility expected in the near term.

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