Labels: , , , , ,

Nifty Prediction and Levels for Next Week- Monday 5th September 2011

S&P CNX Nifty gave gap open at 5110 up by 120 points but however market was not able to hold on higher level, and CNX Nifty closed at 5040 up by 39 points or 0.78 %.Earlier in the day, the Nifty touched day high of 5,114 in opening but slipped to a low of 5,006 on profit-taking.
Nifty Futures settled and closed at 5046.70 which is up by 43.70 points or 0.87 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5080 or below the support level of 4980 it would be in a bearish trend.

Nifty Futures Support and Resistance Levels for Monday:-
Resistance1- 5080 & above this level
Resistance2- 5140.
Support1- 4980 & below this level
Support2- 4920. 


Post a Comment