Nifty might find support near 21EMA - Monarch

Last week all news about fiscal cliff but yet not decision taken by USA government decision on fiscal cliff is important to deicide further direction of global & local market. Indian government take steps on coal issue & infrastructure issue which help power sector & infrastructure sector.

There is chance NIFTY might support around its 21EMA 5866 & bounce back.

As NIFTY will break the range of 5880 – 5900 it will test 5825-5780.If NIFTY trade above 5930 positive bias in market & market in bullish trend upside resistance 6020-6040

Source : Equity Bulls

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