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Trade Setup for Tuesday: Top 14 things to know before Opening Bell

The short-term trend of Nifty seems to have turned down and more weakness could be in store, said experts.

January 20, 2020 / 08:38 PM IST

After showing a sideways range movement in the last four sessions, Nifty witnessed a sharp profit-booking on January 20 from the new all-time high of 12,430 to end over a percent lower at 12,224.

Investor sentiment took a hit after the December-quarter earnings of some heavyweight companies failed to meet the expectations of Dalal Street.

The 30-share pack Sensex hit a fresh all-time high of 42,273.87 but failed to hold altitude and ended the day with a loss of 416 points, or 0.99 percent, at 41,528.91.

Nifty also hit a fresh record high of 12,430.50 in early trade but settled 128 points, or 1.03 percent, down at 12,224.55.