The Index is trading in a range at higher levels. The pair is consolidating between 16680-15480, we need to wait for the security 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 security has to close above 16680 wait for the daily  candle to close above this level, if it is able to close above the mentioned level start buying. If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Index has to close below  15480 levels, wait for the candle to close below the level, if it is able to close below the mentioned level start selling.

NAS100

Jan 06 2022