There is a selling opportunity seen in the Index, Ther index is trading near the support zone and we have seen a big black candle near the support zone, if the next candle closes below the support zone we can expect selling pressure in the index. If the index closes below the support zone it will close below the EMA's (50 day and 200day) As per EMA study this would be an opportunity to enter short, this is one of the best EMA studies.

The only condition would be to keep a buffer and if the RSI is below 18 don't enter short.

Selling Opportunity

Sep 23 2021