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Nifty Prediction and Levels for Tomorrow- Friday 2nd Sept 2011

Today Nifty rebounded to the psychological 5000 mark. The S&P CNX Nifty gave gap up open today also at 4973 but selling pressure led Nifty to the low of 4927 hit after GDP data came in early session but managed to recover from intraday low supported by strength in selective heavyweights. NIFTY rose 1.65% to their best close in nearly two weeks on Today.
Nifty Futures shut stop at 5003 which is up by 69.85 points or 1.65 %. It is looking bullish in the coming trading session if it would be able to manages to trade above the resistance level of 5025 or below the support level of 4920 it would be in a bearish trend.

Nifty Futures Support and Resistance Levels for Wednesday:-
Resistance1- 5025 & above this level
Resistance2- 5080.
Support1- 4920 & below this level
Support2- 4800.


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