SENSEX Daily Gann Chart
Price has closed below its 1×2 resistance zone and is heading towards 79500 till below 81500.
SENSEX Daily Swing Chart
Price is between 2 gann number
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 80177-82562-84948 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 has closed below its 20 SMA first sign of Weakness, Tommrow 1 hour will be crucial.
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 82500 strike, followed by the 83000 strike. On the put side, the 82000 strike has the highest OI, followed by the 81500 strike. This suggests that traders expect the SENSEX to remain range-bound between 82000-83000 for today.
Key Insights from SENSEX Options Data:
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Max Pain Point: 82400 (where option sellers face minimal losses).
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Put-Call Ratio (PCR): 1 (Bullish 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 82565 → Potential rally towards 82849/83134/83418
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Bears will dominate below 82279 → Possible decline towards 81994/81709/81425
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 09:50,10:52,12:36,01:46,02:35 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 83079
Lower End of Expiry : 81811
SENSEX Intraday Trading Levels
Buy Above 82519 Tgt 82619, 82790 and 82920 ( SENSEX Spot Levels)
Sell Below 82450 Tgt 82320, 82194 and 82020 (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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