The Index is trading near the Top. A doji is seen at the Top , it is a candlestick pattern which suggests a halt in trend. If the next candle opens and closes below the doji we can expect a small retracement. Doji is one of the most underrated candlestick patterns. It shows that the buyer and seller are not ready to give up. In the current setup if the index closes below the doji, we can expect a small correction, as we have seen doji at the top. Second condition: if the next candle closes above the doji we can expect the trend to continue , but with high risk (As we have seen doji at top)

Conditions should be followed if the candle closes above the doji:

1.RSI should trade above the previous high, as it will support the price, if this is not followed diversions can be seen which will lead to negativeness.

3.The index should trade above the EMA's.

Conditions if the candle closes below the doji:

2.Look for a crossover on MACD and MACD should trade below 0.

Advise opportunity ahead if the following conditions are met , position can be taken as per mention.

Opportunity ahead

Aug 10 2021

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