Buying Opportunity ahead in the index, the index is trading near the resistance zone. This is a level from where we have seen selling  pressure coming in the index previously. If the index surpasses this level and is able to sustain for 15min above this level we would recommend to buy the only condition would be RSI should not trade above 70, if the RSI is trading above 70 ignore going long in the index and wait for different confirmation.

We are expecting the Fast EMA to cross the slow EMA which in itself is a buy signal.

The DMI+ is trading above the DMI-which suggests a positive direction. The ADX is showing strength in the move.

Overall a buying opportunity is there in Index, RSI need to support the move if the RSI is not able to support the move we wont advise to go long

Advice : Buy if the index sustains above the resistance zone and RSI is trading near 63 upward sloping.

STOXX50

Dec 01 2021

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