Sensex returns from its lowest levels, but the bears are still seizing the Indian markets
- summary:
- Sensex returns to the top of 74,300 after sales dependent on customs tariffs, but the declining momentum still exists. Resistance at 75,685 is still the main level of viewing.
the BSE Sensex Index She bounced again sharply on Tuesday after a brutal sale that briefly pushed the index to less than 72000 for the first time in months. Senesex recovery is above 74,300, but technical damage is still – and momentum prefers the bears.
This recovery reflects the broader global stabilization after chaos that depends on customs tariffs last week, however the stock market in India is not clear. The fluctuation remains high, and traders see the main resistance areas closely.
What caused panic in Indian stocks?
Sensex’s decrease was driven by:
- Edge introductory tensions between the United States of China that leads
- Weakness in the main sectors including information technology, infrastructure and financial data
- The growing concerns about capital flows and local inflation pressure
Although today’s relief rally provides temporary support, it follows a six-day loss chain, and the purchase appears to be interactive-and is not convicted of condemnation.
Technical analysis of Sensex
- Trend: Detaire with technical bounce marks
- The momentum: RSI in 42.59 – recovery but still less than neutral
- MACD: Crossover Crossover is intact, but the graph shows the slowdown of the negative side
- Immediate resistance: 75,685.11 · 78,523.16
- Support levels: 74,296.42 · 72,642.96 · 71,408.97
Sensex final expectations: bounce, not penetration
Sensex found short-term support-but he did not find stability. Today’s recovery is technical, not essential, and the broader trend is still compressed due to kidney fluctuations and feelings of weak profits.
Unless the bulls recover the area between 75600 and 76000, the next big step is still declining – especially if global stocks stumbled again.
