RBI's Credit policy announcement had an adverse effect on Indian benchmark indices and National Stock exchange's Nifty Had to tumble 1.86%. Nifty lost 105.45 points to close at 5574.85.
The Nifty Futures shut shop at 5577.30 down by -113.35 or -1.99 %.
On Wednesday, the market is likely to face a choppy session and Nifty futures may remain consolidated until it breaches the crucial 5616 mark on the upside.
More selling pressure could be seen below 5530 mark.
Support and Resistance zone for Nifty are seen as 5535- 5595 and 5516-5655.
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