The Index is trading at its all time high and can expect to trade higher, on an intraday basis the index has made a support line and has respected the support line.

Tomorrow's opening will play an important role for the index. If the index opens below the support line it will act as a strong resistance ahead.

The MACD is trading just above 0 and the RSI is trading near 20(intraday basis)

If the Index opens below the support line and trades for half an hour we can take a sell position in the index.

If the stocks open high we can wait for the index to close below the support line. Buying at such high rates won't be recommended as the risk reward ratio won't be favorable.

If the RSI is trading below 20 avoiding selling the index.

Only sell if the RSI and MACD is supporting the move and RSI is at least above 30.

Advice : Sell if the following condition are fullfill

Opportunity Ahead

Aug 01 2021

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