SENSEX Daily Gann Chart
Price bounced from 05 Nov time cycle and saw a good recovery.
SENSEX Daily Swing Chart
Price is near important supply zone of 84600-84666 as discussed in video based on multiple studies.
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 84000 strike, followed by the 84300 strike. On the put side, the 83300 strike has the highest OI, followed by the 83000 strike. This suggests that traders expect the SENSEX to remain between 83000-84000 for today.
Key Insights from SENSEX Options Data:
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Max Pain Point: 84500 (where option sellers face minimal losses).
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Put-Call Ratio (PCR): 1.52 (Bullish sentiment).
SENSEX Trade Plan for Positional Trading
Key Levels for Positional Traders
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Bulls will take control above 84647 → Potential rally towards 84938/85230
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Bears will dominate below 84355 → Possible decline towards 84063/83772
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 09:18,10:22,12:12,01:50 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 85001
Lower End of Expiry : 83930
SENSEX Intraday Trading Levels
Buy Above 84595 Tgt 84742, 84889 and 85036 ( SENSEX Spot Levels)
Sell Below 84430 Tgt 84301, 84157 and 84013 (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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