Nifty : Head and Shoulder

We had posted on this blog about our downward biases on Nifty. Though  yesterday market had a volatile session but at the end Nifty had a weak closing.
On daily chart Nifty is making head and shoulder formation and the neck line is around 5950-60. If this neck line is broken and FIIs inflow dries up or some money is taken out then there is hardly any support from Domestic front.
The target for Nifty if the neck line is breached comes around  5650-5700.
One should remain cautious and should wait for the reversal in trend.