sensex

Sensex

Weakness and slide is surely below 48236.

Supply zone at 49661-50265.

Breakout and close baove 50265 is essential.

23.6% projection breakout will happen automatically
above 50265 for rise towards
next supply zone 51863-52516

The 61.8% projection for a-b-c relationship
will be witnessed on breakout and close above 50265
for rise towards 52147.

Traders long need to maintain stop loss at 48236.

Sell on rise to 49661 or above with a stop loss of 50265.

Trade long above 50265 for supply zone 51863-52516.