SENSEX 1D Time frame

60
🔍 Current Market Snapshot

Current Level: 82,439.48

Day’s Range: 82,151.07 – 82,583.16

Previous Close: 82,626.23

Market Sentiment: Neutral to mildly bearish

📊 Technical Indicators

Moving Averages: The Sensex is trading slightly below its short-term moving averages, indicating potential resistance.

RSI (14): Approximately 50, suggesting a neutral stance with no clear overbought or oversold conditions.

MACD: Neutral, with the MACD line and signal line close together, indicating indecision in market momentum.

🧮 Strategy / Trade Ideas

Long Setup:

Entry: Consider entering near support levels (~82,200) if bullish reversal signals appear.

Stop Loss: Place below 82,000 to manage risk.

Target: First resistance around 82,600, then 82,900.

Short Setup:

Entry: If price fails to break above resistance (~82,600) and shows signs of reversal.

Stop Loss: Above 82,900.

Target: Downside toward 82,200, then 81,800

Penafian

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