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Dealmoney Market Buzz - 13-Jan-20	Download pdf

Nifty

• On Daily chart nifty was able to breach the resistance of 12,290 - 12,300 levels but failed to sustain at top.

• 12,220 - 12,170 would be acting as a support zone below that it will continue to move towards 12,125 levels and below that it will continue to move towards 12,030 levels.

• RSI is at 58 and trading near to the resistance of bearish trend line.

• Currently index is trading near to the resistance zone, if index failed to sustain above support levels it will move towards 12,030 levels