After Making intraday high during the opening hours, the market slipped into red zone due to fall in auto and metal stocks. The Nifty index closed below 5600 level at 5581.10 down by 18.70 points. The Intraday High and low for nifty were 5631 and 5562.75 respectively.
Nifty futures closed and settled finally at 5591.25 which was 9 points below its previous close. The market is likely to remain bearish for next trading session and if market trades below 5540, it may see some lowers levels like 5500-5470 but an unexpected rally above 5655 may take nifty higher up-to 5700 levels.
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