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Trade Setup for Friday: Top 15 things to know before Opening Bell

The key support level for Nifty is placed at 12,094.93, followed by 12,051.87. If the index continues moving up, key resistance levels to watch out for are 12,170.83 and 12,203.67.

February 06, 2020 / 09:11 PM IST

Benchmark indices Sensex and Nifty extended their winning streak into the fourth consecutive session on February 6 after the Reserve Bank of India announced measures that are being perceived as positive for bank, auto and real estate sectors.

"RBI announced various measures for real estate, auto and MSME sectors and tweaked maintenance of CRR norms which will improve the lending environment by easing the liquidity flow and reducing the banks’ cost of funding," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Sensex ended the day at 41,306.03, up 163 points or 0.40 percent while Nifty closed with a gain of 49 points or 0.40 percent.

Experts said technical indicators are signalling at a pause in the recent uptrend.