SENSEX 1D Time frame

80
Current Facts

Current Level: 82,590.45 - 82,616.13

Trend: Mildly bullish; trading above short-term moving averages (20-day & 50-day EMA).

Momentum Indicators:

RSI (14-day): ~60 → bullish but not overbought.

MACD: Positive → supporting the uptrend.

Price Action: Daily candles show small upper wicks → minor profit-taking near resistance.

⚙️ Outlook

Bullish Scenario:

Holding above 82,450 → retest 82,650–82,700 and possibly 82,850–82,900.

Range / Consolidation:

Price oscillates between 82,400 – 82,650 → sideways trading likely.

Bearish Scenario:

Close below 82,400 → downside risk toward 82,250–82,300 or lower.

⚠️ Key Facts

82,500–82,600 acts as a short-term pivot: above it favors bulls, below it favors bears.

Resistance at 82,650–82,700 is key; breakout here may trigger further upside.

Support at 82,400–82,450 is critical; failing to hold may lead to short-term correction.

Penafian

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