INDIA SENSEX HOT

Tata Steel (463.90) Technically looks topped out at 496.40 and heading for slight retracement towards 425 which is 10 day SMA. On Daily Candlestick chart pattern you can see the Bearish Engulfig formation on top of the chart which signifies the trend reversal. In the last two trading session it has formed black candles with lower hihgs and lower lows. I reckon one can go short in it.