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.

The Fast EMA has crossed the slow EMA which in itself is a buy signal.

The DMI+ is trading above the DMI-which suggests a positive direction. We will wait for the ADX to trade above DMI- so that we get strength to the direction.

Advice : Buy if the index sustains above the resistance zone.

UK100

Dec 01 2021

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