✅ Key Index Data:
Current Level: ~82,200 (as of early afternoon)
Opening: Around 82,780
Day’s High: 82,784
Day’s Low: 82,047
Previous Close: 82,726
Intraday Change: Down ~520 points (–0.63%)
🔍 Market Behavior (1-Day Time Frame)
Opening Session: The Sensex opened flat but slightly negative, quickly slipping below 82,600 as traders booked profits from recent highs.
Mid-Morning Session: The index continued to slide, breaching key support levels near 82,200–82,100.
Support Zone Tested: Sensex touched a low of around 82,047 before bouncing slightly.
Volatility: The index remained volatile due to global weakness and profit-booking in large-cap stocks.
🧠 Technical Insight (1-Day Chart Perspective)
Level Type Range (approx.)
Resistance 82,700 – 82,800
Support 82,000 – 82,050
Trend Bias Weak / Bearish
RSI (1D est.) Around 45–50 (neutral-to-weak zone)
Market Mood Cautious to bearish
📉 What’s Causing the Decline Today?
Weak IT and Banking Stocks: Both sectors are under pressure due to poor Q1 guidance and weak global cues.
Profit Booking: Investors are trimming positions after recent highs, leading to broad-based selling.
Global Uncertainty: Mixed international signals and concerns over trade policies are affecting sentiment.
Lack of Strong Domestic Triggers: No major positive domestic news to support buying.
🎯 What to Watch Next
Short-Term Trend: Watch if Sensex can hold above 82,000. If broken, more downside toward 81,800–81,500 is possible.
Upside Resistance: If recovery comes, resistance will be strong near 82,700–82,800.
Sector Focus: Banks, IT, and auto are likely to drive further movement.
Current Level: ~82,200 (as of early afternoon)
Opening: Around 82,780
Day’s High: 82,784
Day’s Low: 82,047
Previous Close: 82,726
Intraday Change: Down ~520 points (–0.63%)
🔍 Market Behavior (1-Day Time Frame)
Opening Session: The Sensex opened flat but slightly negative, quickly slipping below 82,600 as traders booked profits from recent highs.
Mid-Morning Session: The index continued to slide, breaching key support levels near 82,200–82,100.
Support Zone Tested: Sensex touched a low of around 82,047 before bouncing slightly.
Volatility: The index remained volatile due to global weakness and profit-booking in large-cap stocks.
🧠 Technical Insight (1-Day Chart Perspective)
Level Type Range (approx.)
Resistance 82,700 – 82,800
Support 82,000 – 82,050
Trend Bias Weak / Bearish
RSI (1D est.) Around 45–50 (neutral-to-weak zone)
Market Mood Cautious to bearish
📉 What’s Causing the Decline Today?
Weak IT and Banking Stocks: Both sectors are under pressure due to poor Q1 guidance and weak global cues.
Profit Booking: Investors are trimming positions after recent highs, leading to broad-based selling.
Global Uncertainty: Mixed international signals and concerns over trade policies are affecting sentiment.
Lack of Strong Domestic Triggers: No major positive domestic news to support buying.
🎯 What to Watch Next
Short-Term Trend: Watch if Sensex can hold above 82,000. If broken, more downside toward 81,800–81,500 is possible.
Upside Resistance: If recovery comes, resistance will be strong near 82,700–82,800.
Sector Focus: Banks, IT, and auto are likely to drive further movement.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.