BUY signal on the 6th June delivered 100+ points. But it did not last long. CCI rejection at +100 level gave a reverse signal, with a SHORT confirmation at 11000 area when CCI crossed under CCIMA (the red line).
This morning, the futures were traded below 10900 level, which was -100 points after the SHORT signal.
Today is Shortsale day. In the downtrend, the only thing to be cautious is V-shaped shortsale day. Otherwise, look for a SHORT entry with a view to cover tomorrow, Friday when the prices hit a new low.
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