Buying Opportunity in the Index, the Index has taken a support at the support line.

This Support is one of the strongest support to the index, multiple times the index has taken support at this level by forming candle patterns.

The Index has closed around 768.09, we are expecting the Index to bounce back from this level. For a proper confirmation we will wait for one more day, if the index is able to close above 772 then we will advise to go long on the Index with a SL of 745.

The Only condition going long will be RSI trading above 45.

Advice : Buy if the above condition is fulfilled.

NETH25

KUNAL KAMBLE

Dec 21 2021