today we have tested 16k again. last time we tested 16k and reversed from there upto 14684 and we have moved up again.as i had updated in after noon as per trendline now we get strong resistance at 16300. rsi trendline is at resistance only.
in nifty chart we have crossed triangle which is pending in sensex.on crossing 16300 we can face big resistance in monthly chart at 16632 which was seen in june 2008.more over it is close to target of 16700 given by vivek patil as per his G wave and 22pe of sensex lvl.
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