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Nifty Prediction and Levels for Tomorrow- Wednesday 7th September 2011

Markets ended with gains after trading in the negative. Today’s movement was sectoral, though overall Nifty closed in negative, the Nifty after touching a low of 4942.90 managed to recover 152.35 points. The NSE index is up by 47.10 points ended at 5064.30.
Nifty Futures settled at 5068.25 which is up by 57.95 or 1.16 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5076 or below the support level of 4920 it would be in a downward trend.

Support and Resistance Levels for Wednesday:-
Resistance1- 5076 & above this level
Resistance2- 5140.
Support1- 4920 & below this level
Support2- 4800.


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