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Nifty Prediction and Levels for Next Week- Monday 29th August 2011

Yesterday the 50-share S&P CNX Nifty gave flat open at 4839 and heavy selling was seen throughout day which dragged Nifty to the low of 4720 from the high of 4861, but gave up all the gains and closed at 4,747.60, down 91.80 points.
Nifty Futures finally settled and closed at 4747.60 which is down by -116.50 points or -2.40 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 4660 or above the resistance level of 4890 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Monday:-
Resistance1- 4890 & above this level
Resistance2- 4975.
Support1- 4660 & below this level
Support2- 4530.


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