The Index is trading in a range at lower levels. The Index is consolidating between 23346-23450, we need to wait for the Index to break beyond this level, if the Index is able to break on either side according to that we will suggest to take position.

If the breakout is on the upside the Index has to close above 23450, wait for one 15 min candle to close above this level, if it is able to close above the mentioned level start buying for a 180 point target with a SL of 90 points

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Index has to close below 23346 levels, wait for one 15 min candle to close below the level, if it is able to close below the mentioned level start selling for a 180 point target with a SL of 90 points.

HK50

Dec 15 2021

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