At the last 15min we have seen selling coming in the Index. Overall the Index looks Positive, but it's better to take an exit at this level.

Previously we gave a buy call on the index and we expected the index to move at a higher level. At this point we would suggest to book 75% of the profit with a SL below the EMA.

Again we will go long if the index is able to close above its high for 2 consecutive days, if this is seen we will advise to buy50% of the position at that level.

The DMI is suggesting the direction on the upside but the ADX has yet to confirm the trend.

Once the ADX moves upside DMI- we will get a strength to this move for the upside.

Advice : Reduce 75% of the position and wait for the breakout on the upside for new entry

NETH25

Oct 18 2021