Nifty Prediction and Levels for Wednesday 24th August 2011 
Nifty Futures shut stop at 4944.95 up by 34.5 or 0.7 %. It is looking bullish in the coming trading session if it manages to trade below the support level of 4875 else above resistance level of 4962 it would be in an upward trend.

Nifty Future Support and Resistance Levels for Thursday:-
RESISTANCE: It has first resistance close to the level of 4962 & above this level the next resistance is seen near the 5140 mark.
SUPPORT: It has first support close to the level of 4875 & below this level the next support is seen near 4765 mark. 

Nifty Futures shut stop at 5069.70 up by 42.00 or 0.84 %. It is looking bullish in the coming trading session if it manages to trade below the support level of 5005 else above resistance level of 5140 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.
SUPPORT: It has first support close to the level of 5005 & below this level the next support is seen near 4950 mark

Nifty Futures shut stop at 5128 down by 30.65 points or 0.59 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level 5155 of else support level of 5119.50 it would be in a downward trend.
 
Nifty Support and Resistance Levels for Friday:-
RESISTANCE: It has first resistance close to the level of 5155 & above this level the next resistance is seen near the 5202.50 mark.
SUPPORT: It has first support close to the level of 5119.50 & below this level the next support is seen near 5060  mark.

Nifty Futures finally settled and closed at 5339.80 which is down by 84.6 or -1.56 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5280 or above the resistance level of 5440 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Thursday:-
Resistance1- 5440 & above this level Resistance2- 5500.
Support1- 5280 & below this level Support2- 5230.

Markets surged for the third consecutive session tracking gains in global markets and after TCS (Tata Consultancy Services) reported fourth quarter earnings in line with expectations. The S&P CNX Nifty closed at 5884.70, up by 33.05 or 0.56 %.
The Nifty futures closed and settled finally at 5901.60, up by 31 or 0.53 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5880 it would be in a downward trend.
It has resistance close to the level of 5950 & above this level the next resistance near the 6000 mark. It has support close to the level of 5880 & below this level the next support near 5765 mark.