Sensex - Weekly expiry analysis May 6

709
We had a very narrow range movement between 80660 to 81060 today. 81160 - 81220 is also a temporary resistance. Price have to sustain above 81000, then break 81200 to move towards 81600. Price movement is choppy when there are near by support/resistance zones.
Buy above 81060 with the stop loss of 80960 for the targets 81160, 81220, 81340, 81460 and 81660.
Sell below 80840 with the stop loss of 80940 for the targets 80740, 80660, 80540, 80440, 80300 and 80180.
Always do your own analysis before taking any trade.
Note
Sustaining the support and range bound. snapshot

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