Selling Opportunity in the Index ahead if the index is able to close below 7320. If the Index closes below 7320 we might see some selling coming in the index. We are going to trade a mean reverting strategy in which the observation is that the security tends to move near its average.

There is no multiple confirmation so this is purely on candle understanding, if the index is not able to close below the mentioned we can see the index trade high so entering the position after close only will be advice.

UK100

Nov 15 2021