- summary:
- Sensex 350 points falling in the uncertainty in the election and the weak global market. The main support and resistance levels to watch and what is the following for BSE Sensex.
BSE Sensex began the week with a weak note, as more than 350 points fell on Monday, as market participants’ reaction to the increasing concerns about global total economic conditions. The index is currently trading about 75,940, with bank stocks and cars between the largest later cards.
Investors seem careful as Markets are preparing for potential fluctuations before major economic data versions and upcoming policy decisions. Global signals, including continuous inflation in the United States and fears of slowing global growth, may increase feelings.
Technical Analysis Sensex – the main levels of viewing
- Immediate support: 75,685 is a decisive support level. A break below this can pay the index about 74296.
- Resistance levels: In the upscale direction, 78,523 is the first obstacle, followed by 80,067 if the upscale momentum returns.
- MACD: MACD displays the signs of landfill, with a decrease in the graph to a negative area.
- RSI: Currently in a neutral area but indicates the bottom, indicating that there may be room for more negative aspect.
What is the following for Sensex?
Although today’s decrease reflects the short -term caution, the long -term trend of the index is still intact as long as it exceeds 75685. The apostasy from this level may lead to re -ignition, as it targets 78,523 in the next sessions. However, a sustainable break below 74296 can indicate the risk of deeper correction.
Investors must monitor global developments and addresses related to elections for further direction in the market. Any stability signs can restore the appetite of risk and help Sensex to restore its lost land.
