SENSEX : SENSEX made a high of 17191 and got resisted forming a STAR candle pattern which suggests in decisiveness of the trend.
A STAR pattern needs a strong follow up to reverse the trend and in our case if SENSEX 16865 TODAY it should confirm yet another top for SENSEX.
Real trend reversal will come if SENSEX closes below 16709 and if this happens than the TRENDLINE will also get broken.
NIFTY : a high of 5168 and than a STAR candle formation suggests clear indecisiveness for NIFTY .
A close below 5068 with a GAP down open can confirm yet another TOP in NIFTY and than a close below 5019 will also break the support trendline.
5177-5196 remains very crucial levels of RESISTANCE for NIFTY and as has been repeatedly being said NIFTY need to give either 3 consecutive closes or atleast a weekly close above 5177-5196 to make the current rally a meaningful one.
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