There is a buying opportunity in the index. Previously the index was trading at lower levels and we have seen a good movement on the upside after taking support at 26980 tll 29492. At the higher level the index saw some retracement and made a Higher Low and close now it has closed above the previous high indicating a good buy signal. The index has made a HL and HH indicating a good buy signal.

The Index has closed above the EMA and indicates a good buy signal. The RSI is following the price and we expect it to follow ahead. The DMI+ has just cross over DMI- indicating a buy signal will wait for the ADX to cross above DMI-

JP225

Nov 01 2021