The Index is trading in a Range and there is no sign seen for breakout yet. The stock is trading at its upper level but we are seeing divergence on RSI as divergences are seen. We don't trust the move, index might break on the upside but sustainability would be a question as we are seeing divergence. Expecting Seller to get active again in the market, buyer has been active in the market and has been ruling the market for a long time.

Selling opportunity is expected below 35020 closing basis. Divergences are seen at upper levels which are supportive to the price. We can expect Macd to trade below 0 once Index closes below 35020 and crossover can also be expected.

At 35020 the index might trade below the EMA.

Advice : Sell only if the index close below 35020

Selling Opportunity

Jul 29 2021

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