SENSEX Daily Gann Chart
Price will open gap up above 4×3 gann angle and heading towards ATH.
SENSEX Daily Swing Chart
85184-85278 very important gann range
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 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 85500 strike, followed by the 85800 strike. On the put side, the 85000 strike has the highest OI, followed by the 80800 strike. This suggests that traders expect the SENSEX to remain between 85000-86000 for today.
Key Insights from SENSEX Options Data:
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Max Pain Point: 85500 (where option sellers face minimal losses).
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Put-Call Ratio (PCR): 1.1 (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 85447→ Potential rally towards 85738/86028
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Bears will dominate below 85157→ Possible decline towards 84867/84576
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 10:30,11:24,12:30,02:22 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 86005
Lower End of Expiry : 84995
SENSEX Intraday Trading Levels
Due to Gap up not sharing 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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