Nifty at near the roof of the channel

As posted in my last views on Nifty there is a channel in nifty on the yearly chart. So projecting the same channel you can have the 5550~5650 level acting as the resistance to the Nifty.

TATA Steel reversal

There is inverted head and shoulder pattern identified in TATA Steel.
With this pattern target of 570 can be projected.