The Index is trading in a range. We will trade once a breakout is seen on either side. We are expecting a breakout on the downside. The Index is trading near the lower level.

The RSI is trading at 46. Once it is below 38, we can expect the RSI breakout which will give us a proper confirmation of a breakout.

The MACD is indicating a negative move and the crossover is seen below 0 which in itself is a good sign.

The Index is trading below the EMA which in itself is a good confirmation.

Advice : Sell if the breakout is on the downside.

DJ30

Dec 02 2021

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