Market faces stiff resistance

The momentum seems to be exhausting. Do we see sign of reversal of uptrend for short term - the answer is no.
Most of the stocks on charts seems huffing and puffing.
Though there are some pockets where we see strong momentum.
Dollar may bounce back for short term and this may put pressure on Commodity stocks.

Cement, Tea and Sugar Stocks including Tata Coffee had a field day yesterday. We see the momentum picking up further.

ITC has support at 260 and resistance at 300.
Our New High List is to be watched out carefully as it is the place where strength is.