Three consecutive daily candles with long tails (lower shadows) followed by a move back above the rising trend line today if results in a day end close above 102.05 would open doors for a revisit to the recent highs around 103-103.20 levels.
Bearish scenario - Failure to take out/hold above 102.05 followed by a break below 100.50 would signal the index has topped out.
Bearish scenario - Failure to take out/hold above 102.05 followed by a break below 100.50 would signal the index has topped out.
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