Tech view: Nifty bullish engulfing pattern signals reversal, 23,500 key resistance. How to trade on Monday

February 1, 2025

The Nifty closed 26 points lower on Budget day amid high volatility. Analysts see strong support at 23,300, with resistance at 23,500–23,600. A decisive breakout could push Nifty toward 24,000, while a drop below 23,280 may trigger panic.

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