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Nifty Prediction and Levels for Tomorrow- Thursday 25th August 2011

Today the 50-share S&P CNX Nifty opened at 4935 and after trading choppy for the for the first half and in remaining session session performed weak and touched the day low of 4875. Nifty dropped by over 78.10 points as investors sold stocks to book profit after recent rally amid weak Asian cues. The 50-share barometer fell by -78.10 points at the close to settle at 4869.30 points.
Nifty Futures finally settled and closed at 4888.90 which is down by -60 points or -1.21 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 4865 or above the resistance level of 4975 then it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Thursday:-
Resistance1- 4975 & above this level
Resistance2- 5076.
Support1- 4865 & below this level
Support2- 4800.


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