There has been a fight between the buyers and sellers between 28660-28600, between this level the buyer and sellers are not ready to give away the fight.

Volume during the current up move is falling which indicates a weak rally.

Wait for a negative candle pattern with high volume once this is seen we would advise to sell

The Index is trading below the EMA which in itself is a trading signal. The RSI is trading in a range; a breakout from this can be a confirmation.

Advice : Sell if the above condition is fulfilled.

JP225USD

Dec 23 2021