Despite of positive Global cues the market shaved off all the morning gains and ended in red terrain. After making day high of 5647.35 in early hours of the session Nifty started falling till 92.25 and touched an intraday low of 5555.10 mark then finally Closed at 5567.05 down by 46.50 points from its previous close.
Nifty Futures closed at 5565.90 and dragged 58.40 points behind the previous close.
It is likely to trade in narrow range of 5545-5660 and below 5545 its is likely to trade with negative bias. A move above 5600 mark may bring some momentum in Nifty to touch 5660 and 5700 mark later.
Resistance for nifty is seen near 5660 mark above which the next resistance is 5720.
Support range for Nifty is 5545-5480
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