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Dealmoney Market Buzz - 16-Mar-20	Download pdf

*Nifty*

Nifty zoomed ~18% from the lows after hitting the lower circuit for first time in decade. On weekly scale index was able to hold the support of 8,660 price retracement levels. It failed to hold the support of 200 EMA and closed below it, the only positive part is that RSI is trading in oversold zone, so we expect some bounce and index to move towards 10,400 levels.