SENSEX Daily Chart Technical Analysis:
Sensex closed at 19864 today, after opening at 19698 and falling to an intraday low of 19554. Overall, it closed 166 points higher than its opening, and 217 above yesterday's close.
Market Overview:
- Sensex will most probably remain range bound tomorrow and not register a major change from today.
Technical Indicators:
- The index closed just a tad above its long term resistance line today. The same thing had happened on Tuesday but the market could not sustain this yesterday and close below. Tomorrow, the same thing could happen.
- The index does not seem to have the force to break through resistance as of now. Next week either it will build that strength and climb with a bang, or it will lose steam and fall with a whimper. Next week could see some big moves in either direction.
- If it falls, the support line is around 18920.
SENSEX Daily Chart Technical Analysis
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