NSE Nifty-50 stock prices forecast september 5 2011

Indonesia stock info - NSE Nifty-50 stock prices forecast september 5 2011 ; The Asian Stock markets ended the trading session lower and US stock markets were lower as well after disappointing job numbers. Investors were worried about the state of US economy as unemployment rate remained at 9.1 per cent. Dow Jones Industrial Average was down by nearly 2.2 percent.

Indian Markets ended the week in positive territory with BSE Sensex at 16821 and NSE Nifty ruling above 5000 mark at 5040.

As the markets are trading lower compared to earlier levels, long term investors are looking for opportunities in fundamentally strong stocks. Many stocks are available at low prices due to current market meltdown. Although, the markets have recovered in recent times, some stocks are trading near their 52-week low. Market may hold the same position in next trading session also!!

Technical Levels in Nifty-50 for Monday:
Resistance : R1 : 5130, R2 : 5200.
Support : S1 : 4960, S2 : 4890.

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