Trade Setup for January 21: Nifty breakout above this level could pave the way for a move to 24,000

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After a period of consolidation and base formation around the 23,150–23,200 zone, the Nifty 50 index appears to be gathering momentum for an upward move. The index surged by 142 points to settle at 23,345, buoyed by strong global cues ahead of Donald Trump’s swearing-in ceremony later in the day.

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