DSEX Index hovering in a resistance zone for more than 2 weeks. There were a couple of big red candles during this period. TO decreased while index gained and increased on the red candle. All of those indicate weakness though last day Index showed some strength but negated by today's move.
Today Index immediately went high on the first hour of trading. At 11:43 index was 4737 and from that point index start to loose its ground and ended up at 4702 resulting -9.34 decrease.
However, Index took the shape of ''shooting star'' rejecting a resistance level with a very high volume and TO. So if next day index closes red with a solid candle it would indicate a downward move.
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