The index has mad Higher Highs and Lower Highs which suggest that on each dip buyers are interested in buying the index. It can be assume that the index can trade more higher as buyers are willing to pay high for higher returns.

Rsi has recently given a breakout from its Resistance line and is trading above, it is respecting the price, we can expect Index to move higher as it is supporting the move.

MACD has shown crossover and is trading above 0 indicating strength to the movement, If Macd is able to trade above 25 we can expect the index to move rapidly on the higher side.

Buy above 27810

Aug 05 2021

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