resisitance zone

for sensex resistance exists at 16400-16650 zone which is a huge resistance.
but failure of market to fall is usually a sign that rally is looming(or extreme weakness).
i ll give one to two more sessions for a decisive rally to occur else i ll move to 'extreme weakness happening' camp.
however a lot of stock charts are getting positioned for a rally esp. the reliance pack-ril, rel, relcap ..suzlon..some real estate ones , a lot of psu's ..and many cash stocks....which augurs well for the bulls.
and i have said previously also, a top shouldnot ideally occur till reliance makes a new current high.

i didnot trade last weak once shorts were covered , i hope market will give some bounce and a safer zone to trade.

i really like TWL.real hot.