Sensex Prediction
Sensex formed a small candle on the daily charts and range-bound intraday activity, indicating indecisiveness between the bulls and bears.
“We believe that 82,300 will act as a key support zone for traders. As long as Sensex trades above this level, the bullish sentiment is likely to continue. On the higher side, the index could bounce back to the 20-day SMA (Simple Moving Average) or 83,000. Further upside may also push the index up to 83,600,”
Conversely, below 82,300, the sentiment could change, and if Sensex slips below this level, it could decline toward the 50-day SMA or the 82,000 - 81,800 zone
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Sensex Prediction
Sensex formed a small candle on the daily charts and range-bound intraday activity, indicating indecisiveness between the bulls and bears.
“We believe that 82,300 will act as a key support zone for traders. As long as Sensex trades above this level, the bullish sentiment is likely to continue. On the higher side, the index could bounce back to the 20-day SMA (Simple Moving Average) or 83,000. Further upside may also push the index up to 83,600,”
Conversely, below 82,300, the sentiment could change, and if Sensex slips below this level, it could decline toward the 50-day SMA or the 82,000 - 81,800 zone
#Sensex, #SensexPrediction, #StockMarketIndia, #TechnicalAnalysis, #MarketOutlook, #SupportAndResistance, #BullsVsBears, #StockTrends, #TradingStrategy, #SMA, #SensexSupport, #SensexResistance, #IndianEquityMarket, #MarketSentiment, #NSEIndia, #BSEIndia, #IntradayTrading, #StockAnalysis