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

Key support level for Nifty is placed at 12,297.6, followed by 12,265.7. If the index continues moving up, key resistance levels to watch out for are 12,349.6 and 12,369.7.

January 13, 2020 / 08:12 PM IST

Positive global sentiment, expectations of stimulus from Budget and hopes of better Q3FY20 earnings continued supporting market sentiment as  benchmark indices Sensex and Nifty settled at record highs on January 13.

After market hours, government released inflation data with retail inflation rate in December jumping to 7.35 percent, surpassing the RBI's comfort level.

Sensex closed 260 points, or 0.62 percent, higher at 41,859.69 while Nifty shut shop at 12,329.55, up 73 points, or 0.59 percent.

Secondary barometers BSE Midcap and Smallcap indices outperformed Sensex, closing with gains of 0.87 percent and 0.95 percent, respectively.