The market took support yesterday at 5661.5 as against our predicted support of 5660.
Today the Nifty is poised for a possible breakout, a negative breakout seems more likely although whether it will be a positive or negative breakout depends on which side of the 5690 mark the market trades with good volumes.
Above 5690 the market will face resistance at 5776 and 5815 whereas below the 5690 mark will market will sell out sliding down towards the 5558 mark with minor supports at 5629 and 5597.
Short term traders may play accordingly with eye on volumes with respect to which side of 5690 mark the Nifty trades.
Mid-term investors may bid HCL tech at 922.65 and TCS at 1798.55
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