If Nifty breaks above 23400 (R1), consider entering a long position with a target of 23500-23550 (R2). Place your stop-loss as per your Risk management.
Bearish Scenario (Reversal) 📉⚡:
If Nifty faces resistance at 23400 (R1) and begins to drop, look for short positions with a target around 23270 (S1) or 23150 (S2).
Risk Management ⚖️:
Always protect your capital with system stop-loss. Adjust your position size based on the volatility of the market and your risk tolerance. Happy Trading..!
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