Sensex is likely to open slightly gap-down, reflecting weakness carried over from the previous session. The index is currently trading near the 82450 zone. A breakdown below the 82400 level may trigger further downside movement, with potential support targets at 82200, 82100, and 82000. This zone should be monitored closely for continuation or reversal.
On the upside, any strong recovery above the 82600–82650 level could push the index higher, with resistance targets at 82800, 82900, and 83000+. Sustaining above this range may indicate buying interest returning in the market.
If Sensex spikes toward the 82950–83000 zone and faces resistance, a reversal from there could create shorting opportunities with targets at 82800, 82700, and 82600. However, a clear breakout above 83000 would negate this short setup and shift the bias to bullish.
The index is currently in a consolidation zone, and price action around 82600–82400 will be critical to determine the day’s direction.
On the upside, any strong recovery above the 82600–82650 level could push the index higher, with resistance targets at 82800, 82900, and 83000+. Sustaining above this range may indicate buying interest returning in the market.
If Sensex spikes toward the 82950–83000 zone and faces resistance, a reversal from there could create shorting opportunities with targets at 82800, 82700, and 82600. However, a clear breakout above 83000 would negate this short setup and shift the bias to bullish.
The index is currently in a consolidation zone, and price action around 82600–82400 will be critical to determine the day’s direction.
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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.