The Index is trading in a range. The Index is consolidating between 27500-26920, we need to wait for the security to break beyond this level, if the Security ​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 27500 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  26920 levels, wait for the candle to close below the level, if it is able to close below the mentioned level start selling.

JP225

Feb 08 2022