The Index has been correcting for more than a month, and we have seen buyers coming into action at lower levels. In this period the index has corrected almost 3000 points.

The recent closing of the index has been higher than from the last 3 days which is suggesting strength in 

buying as per price action. The Insex closing above 14620 can be another confirmation to buy the index.

The RSI is supporting the price action. Rsi is trading in an oversold zone a mean reversion in price can be expected as per rsi strategies.

NAS100

KUNAL KAMBLE

Jan 30 2022