As told Yesterday 5640 gave a Good Support and Nifty was able to rally nicely. Now it seems Nifty trying to form a Head and Shoulder like Pattern as shown on chart. 

I hope the On going upmove was a corrective in nature  and if able to cross 5728 then may move up to 5746 and 5776 Resistance which are 61.8% and 78.6% retrace 

So Buy Nr 5650/5660 Trgt 5700 - 5720 Sl 5630/5620 & Sell Nr 5720/5730 Trgt 5680 - 5650 Sl 5770/5780

Since tomorrow is a Result Day for INFY Q2 and IIP Data - More action waiting. 

Every one is waiting for Infosys EPS F13 Guidance, as Rupee is appreciating sharply. 


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