SENSEX Daily Gann Chart
Price has closed above its 2×1 resistance zone and is heading towards 82000 level till 79507 is held
SENSEX Daily Swing Chart
79507 gann number as price has closed above it heading towards 82000.
SENSEX Musical Level Chart
Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, SENSEX may follow a path of 76592-78871-81149 This means that traders can take a position and potentially ride the move as SENSEX moves through these levels.Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable.
Trading is not about being right—it’s about managing risk. Doubling down is the arrogance of certainty meeting the brutality of randomness. The market doesn’t care about your conviction; it only respects survival.
SENSEX MA Chart
Price is above all short and long term MA any fall till 79507 will be bought into.
SENSEX Options Chain Analysis: Range-Bound Movement Expected
According to the SENSEX options chain data, the call side shows the highest open interest (OI) at the 80500 strike, followed by the 81000 strike. On the put side, the 80000 strike has the highest OI, followed by the 79500 strike. This suggests that traders expect the SENSEX to remain range-bound between 79500and 81500 for today.
Key Insights from SENSEX Options Data:
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Max Pain Point: 79800 (where option sellers face minimal losses).
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Put-Call Ratio (PCR): 1.03 (neutral sentiment).
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Historically, when the PCR (OI) is between 0.90 and 1.05, the market tends to trade sideways.
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Since the PCR is near the higher end (0.96), a sharp reversal could occur if sentiment shifts.
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SENSEX Trade Plan for Positional Trading
Key Levels for Positional Traders
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Bulls will take control above 80468 → Potential rally towards 80749/81031/81313
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Bears will dominate below 79904 → Possible decline towards 79623/79341
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 10:03,10:58,12:35,01:58 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 80929
Lower End of Expiry : 79506
SENSEX Intraday Trading Levels
Buy Above 80323 Tgt 80512, 80777 and 80929 ( SENSEX Spot Levels)
Sell Below 80038 Tgt 79755, 79506 and 79188 (SENSEX Spot Levels)
Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.
As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.
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