Selling opportunity in the Index if it closes below 15470

Index is trading at higher level and bounce back has been seen form this level if the above level is penetrated and the index close below this level in 5 min time frame, we might see some selling coming in the index which can lead to follow of minimum 50-100 point.

If the Rsi is trading below 20 there would be no point of entering short.

DMI- is trading above DMI+ which suggests a negative direction once the ADX trades above DMI+ the direction will have some strength, as ADX indicates strength in the move.

The EMA is indicative of negativeness and the index is trading below the EMA which is strengthening our view.

Advice : Sell only if the above condition is fulfilled.

GER30

Dec 22 2021

1