Ascending Triangle breakout is seen on a Daily time frame. A 300 point target is expected after a breakout maintaining a SL of 150 point.

The Index is trading above the EMA, we recommend buying above 4810 on a closing basis.

The RSI above 64 can be a good confirmation to price action.

DMI+ above DMI- suggest positive direction, the ADX is trading below DMI- once theADX is able to trade above DMI- it will indicate strength in the direction.

Advice : Buy if the index trades above mentioned level.

SP500

KUNAL KAMBLE

Jan 04 2022