SENSEX Daily Gann Chart
Price is breaking above gann angle heading towards ATH.
SENSEX Daily Swing Chart
86000-86040 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 80177-82562-84948-87475 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:
Sensex Explodes Higher in a Textbook Short Squeeze
Following a spectacular 1000-point surge in the Sensex, today’s options data reveals the dramatic and predictable outcome of a market that was gripped by extreme fear. The stage for this explosive move was set by an incredibly high Put-Call Ratio (PCR) of 1.65 and a massive imbalance of Total Puts (408.50 L) over Total Calls (241.63 L). This indicated an overcrowded bearish trade, making the market exceptionally vulnerable to a short squeeze.
The massive wall of Put OI at 85,000 and 85,500 acted as the launchpad for this reversal. The 1000-point rally was the painful unwinding of those bearish bets.
The New Battleground:
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Resistance: The rally has now brought the Sensex face-to-face with the colossal wall of Call OI at the 86,000 strike. This level is now the primary and most critical battleground. The Call writers who built this wall are under immense pressure.
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Support: The previous floor at 85,500 (aligning with Max Pain) has now been validated as powerful immediate support.
The extreme pessimism has been forcefully reset. The market’s next move will be determined by whether the bulls have enough power to break through the massive supply waiting at the 86,000 resistance.
SENSEX Trade Plan for Positional Trading
Key Levels for Positional Traders
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Bulls will take control above 85640 → Potential rally towards 85931/86222
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Bears will dominate below 85350 → Possible decline towards 85059/84768
SENSEX Intraday Time :
Traders may watch out for potential intraday reversals at 10:09,11:01,01:48,02:32 How to Find and Trade Intraday Reversal Times
SENSEX Expiry Range
Upper End of Expiry : 86144
Lower End of Expiry : 85073
SENSEX Intraday Trading Levels
Buy Above 85699 Tgt 85845, 86000 and 86144( SENSEX Spot Levels)
Sell Below 85555 Tgt 85408, 85263 and 85118 (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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