The Index has taken support near 26210 levels, this level has been strong support for the Index, next day the Index opens near its previous close on an intraday basis the buyers went strong and pulled the price to higher levels at day end the sellers came into action has pushed the priced below the open and formed a doji.

For Buying the iNdex has to close above the 50 day EMA, if the close is above 50 day EMA we can expect the Index to move till 27700 levels.

Advice : buy Index if it closes above 50 day EMA.

JP225

Apr 15 2022