The Index is trading near its Resistance Zone. At the Resistance Zone we have seen a Doji and a Spinning Top at the same time in a 30min time frame, if the next candle close below the Doji and the Spinning Top we would advise to sell the Index with the SL of 7400 for Tp of 7350-7320.

At the same time if RSI trades below 48 we will get a confirmation at the sell side; and the candle closing below the EMA would give another confirmation on the sell side.

Advice : If the candle closes below the Doji and the Spinning Top Sell.

ASX

Dec 14 2021