Sensex Weekly Forecast
Weekly Outlook: Sensex heading into a week of major decisions and high volatility. The early strength or weakness is likely to be a trap, with a significant reality check mid-week. The end of the week is poised for a major directional move, potentially reversing the trend established earlier.
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Monday, Sep 15th: The Earth at its farthest north declination suggests a potential for an extreme. Combined with the lingering Sun-Mercury conjunction, this is a high-probability day for the week’s high or low to be set. Be wary of breakouts or breakdowns as they may not be sustainable.
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Tuesday, Sep 16th: A day of relative calm or consolidation. The market will likely be digesting Monday’s move and building energy for the major aspects to come.
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Wednesday, Sep 17th: Key Bearish Day. The Mercury-Saturn opposition brings a tone of restriction, pessimism, and negative news. Expect strong resistance to be honored, potential for a sharp sell-off, and a general “risk-off” sentiment. Bulls will find it very difficult to make headway.
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Thursday, Sep 18th: Chaos & Volatility Day. A clash of energies. Mercury opposition Neptune can bring confusion, rumors, and indecision. Simultaneously, Mercury trine Uranus can bring sudden, unexpected news, especially from the technology sector, leading to sharp, whipsaw-like movements. The Venus YOD adds a sense of a fated adjustment in market valuations.
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Friday, Sep 19th: Major Reversal Day. The Mercury at Zero Declination is a classic and powerful signal for a trend reversal. The Mars YOD suggests frustration or a failed move. However, the Mercury trine Pluto aspect indicates powerful, market-moving news or policy announcements. Expect a significant swing that could reverse the entire week’s direction in a single session.
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SENSEX Harmonic Pattern
Sensex is almost nearing its PRZ zone of Shark pattern, ready for a reversal move.
SENSEX Gann Angles
Sensex is near its 1×4 gann angle support zone.
SENSEX Supply and Demand
Self Explanatory Chart
SENSEX Time Analysis Pressure Dates
Key Pivot Dates: Watch 15/19 September
SENSEX Weekly Chart
Weekly engulfing on Weekly Charts
SENSEX Monthly Charts
81898 is Monthly resistance zone 79862 is Support zone.
SENSEX Weekly Levels
SENSEX Trend Deciding Level: 81869
SENSEX Resistance: 82153,82437,82722,83006
SENSEX Support:81585,81301,81017,80733
Levels mentioned are SENSEX Spot
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