A TOP

a few days back , i wrote here that first we need an euphoria----a madness to buy stocks, at high prices,,without any fear in the minds of traders. second important thing was my target----resistance levels for nifty which were 5398---5420,, i cearly said that ,it will be very interesting to observe what nifty does at these levels.

Suddenly i found an expanding structure in nifty, two days back. i posted the chart with that structure ,giving a hint of a top.

yesterday there was a STAR candle pattern ,which suggested INDECISIVENESS and it needs a follow up down- side move to convert the ongoing BULLISH-NESS to BEARISH- NESS.

If we look at the eod charts, we have AN EVENING STAR candle pattern .which is strongly bearish.

watch my levels for support---resistance ,gere tomorrow.