The Index has opened gap up and close above the open. The Index has formed a Doji, which indicates a pause in trend,as the Index has opened a gap up and formed a window. We are expecting the move to continue on the long side, for confirmation we will wait for one more day closing. 

Condition 1.

If the Index closes above the Doji high, we would recommend buying Index with the SL of the window bottom.

If the Index closes below the window bottom, we would recommend to sell the Index with a SL high of Doji.

FR40

Mar 16 2022