Sensex is expected to open slightly gap up near the 83500–83600 range, showing positive momentum as it breaks out from its recent consolidation zone. A sustained move above this level could trigger further upside, with immediate targets seen at 83800, 83950, and 84100+ levels. This zone will act as a crucial resistance-turned-support for the session.
However, if the index fails to hold above 83500 and slips below 83400, it may enter a corrective phase. A breakdown below 83400 could lead to a downward move toward 83050, 82900, and possibly 82800-. Overall, trend remains positive above 83600, and traders should watch for confirmation in the opening session.
However, if the index fails to hold above 83500 and slips below 83400, it may enter a corrective phase. A breakdown below 83400 could lead to a downward move toward 83050, 82900, and possibly 82800-. Overall, trend remains positive above 83600, and traders should watch for confirmation in the opening session.
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📣 Telegram: t.me/tradzooIndex
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Related publications
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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.