The Index is trading near the high, on an intraday basis we have seen a correction and this correction can be an opportunity to enter again long.
We have seen a Crossover recently, i.e. The faster MA has crossed the slower MA from the downside, as using 2MA crossover has been good but using three can be a plus point.

Here we have used a 20day EMA as a faster one and 50day EMA as a slower one and 5day EMA as a timing.

5 day EMA is suggesting an uptrend supporting the crossover, if the 5 day EMA wouldn't have supported then we would have ignored the crossover.

Looking at the recent candle we can see how the buying pressure has driven the candle close higher than 14days close.

All this is suggesting a buy signal for the index.

BUY

Aug 14 2021

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