1) 1D & 1H Chart high possibility of forming M Pattern
2) < 11640 look for bearish/selling positions
3) Big money is still in bearish positions under derivatives
4) Last time elections also happened same before market went up after that there is a huge fall
5) Infosys has some -Ve news which is NIFTY top 5 heavyweight cmpny we may see huge fall in it so market also may fall
In INFY it seems news is already leaked i.e., why if u see Option chain data already there is heavy selling in call side 820,800,780
6) RIL +ve results so profit booking may happen(then INFY RIL will contribute more in the down side) if RIL went upside then INFY & RIL moves get neutralized
7) last week up move is just becoz of Index management, move is not volume supported move so move without volumes may not sustain longer period
BIG money took put long position @ 11600 & 11500 levels