Selling Opportunity ahead in the Index. The Index has given an Inside candlestick pattern breakout, after the breakout we have seen the Index correcting from higher levels. At lower levels some buying has been seen in closing hour. We would suggest to go short once the Index closes below 23300 level.

The Index has just close below the EMA which indicate negativeness. The RSI is following the price and we are expecting the same in coming days. The DMI- trading above DMI+ indicates negative direction and ADX trading above DMI+ indicates strength in the move,

Advice : Sell if the Index close below the mentioned level.

HK50

Jan 30 2022