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Nifty Prediction and Levels for Tomorrow- Friday 26th August 2011

S&P CNX Nifty gave gap up open but was not able to sustain and selling pressure was seen as soon as market was opened and traded voletile. The Nifty touched a high of 4,915 during the opening trades and moved between gains and losses before giving into selling pressure in the last half an hour of the trade. The Nifty finally settled and closed at 4,840, down 49 points.
Nifty Futures settled and closed at 4888.90 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 4800 or above the resistance level of 4912 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Friday:-
Resistance1- 4912 & above this level
Resistance2- 4975.
Support1- 4800 & below this level
Support2- 4665.


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