Day trading guide: Nifty’s declines may extend to 14,080-13,900 levels if it fails to hold above 14,200

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By Aditya Agarwala, ET CONTRIBUTORSLast Updated: Jan 25, 2021, 06:33 PM IST

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Though, Technical Indicator RSI on a shorter time frame has reached oversold territory, price actions remain weak. Only a trade beyond 14,450-14,500 will trigger short covering rallies, taking the index back to levels of 14,600-14,700.

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Day trading guide: Nifty’s declines may extend to 14,080-13,900 levels if it fails to hold above 14,200

Though, Technical Indicator RSI on a shorter time frame has reached oversold territory, price actions remain weak. Only a trade beyond 14,450-14,500 will trigger short covering rallies, taking the index back to levels of 14,600-14,700.

INSIGHTS

Cipla Ltd.

PEER COMPANIES

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