The Index was trading in a rectangle, a rectangle breakout on the downside is seen in the Index. As recommended previously, trade as per the breakout; A breakout on the downside has been a valid breakout. The Index is trading near the support zone, booking Partial profit at current rate would be recommended and holding Partial with a SL to entry.

The movementem on the downside is expected to continue. The Index can trade below 12810 levels in 3 trading days, if the pair is not able to trade below the mentioned level in 3 day exit the position.

NASDAQ

Apr 25 2022