SENSEX Daily Gann Chart
Price has taken support at its 1×1 gann angle
SENSEX Daily Swing Chart
Price again reacted from its gann support zone marked by blue line.
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 above its 20 SMA trend is buy on dips till above 82077.
SENSEX Options Chain Analysis: Range-Bound Movement Expected after gap up open
According to the SENSEX options chain data, the call side shows the highest open interest (OI) at the 83800 strike, followed by the 84100 strike. On the put side, the 83500 strike has the highest OI, followed by the 83100 strike. This suggests that traders expect the SENSEX to remain range-bound between 81500-82500 for today.
Key Insights from SENSEX Options Data:
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Max Pain Point: 83500 (where option sellers face minimal losses).
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Put-Call Ratio (PCR): 0.73 (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 83774 → Potential rally towards 84061/84348
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Bears will dominate below 83487 → Possible decline towards 83200/82913
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 09:35,11:28,12:40,02:27 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 84156
Lower End of Expiry : 83038
SENSEX Intraday Trading Levels
Buy Above 83654 Tgt 83799, 83944 and 84156 ( SENSEX Spot Levels)
Sell Below 83509 Tgt 83364, 83219 and 83074 (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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