Sensex – 1 Day Timeframe

✅ Closing Summary:
Closing Price: ₹82,540.65

Change: −₹501.34 (−0.60%)

Opening Price: ₹83,081.80

Intraday High: ₹83,114.95

Intraday Low: ₹82,488.25

The Sensex fell over 500 points, reflecting broad-based selling across banking, IT, and financial services. The index struggled to hold gains and faced resistance at higher levels throughout the day.

🔍 Key Reasons for the Decline:
Weak Earnings from Financials:

Axis Bank and other financial stocks reported disappointing quarterly results.

As financial stocks hold significant weight in the Sensex, this created negative sentiment across the board.

IT and Tech Sector Pressure:

Global uncertainty, U.S. Fed rate concerns, and weak guidance from global tech firms contributed to a fall in Indian IT stocks like Infosys and TCS, dragging the index.

Foreign Institutional Investor (FII) Selling:

FIIs were net sellers in July, putting pressure on large-cap blue-chip stocks.

Persistent outflows created downward pressure on the index despite support from domestic institutional buyers.

Global Market Cues:

Mixed global signals, rising oil prices, and uncertain interest rate outlooks kept risk sentiment subdued.

Caution ahead of major global economic data further prevented buying enthusiasm.

📈 Technical Outlook (Short-Term):
Support Zone: ₹82,300 to ₹82,000
This is a key demand zone. A breakdown below could lead to further downside towards ₹81,500.

Resistance Zone: ₹83,150 to ₹83,500
Any bounce-back will face selling near this region unless backed by strong buying volume.

Indicators:

RSI: Dropped below 45, indicating weakening strength.

MACD: Shows a bearish crossover, confirming short-term negative momentum.

Volume: Heavier than average, signaling increased institutional activity on the sell side.

📆 Recent Trend Performance:
1-Day Return: −0.60%

1-Week Return: −0.45%

1-Month Return: +1.85%

6-Month Return: +12.3%

1-Year Return: +11.7%

The index remains strong over the long term, but the short-term chart reflects a corrective phase amid sectoral weakness.

🧠 What Traders & Investors Should Know:
Short-Term Traders: Monitor the 82,300 level for signs of bounce or breakdown. Potential intraday setups are forming, but caution is advised.

Swing Traders: Wait for a confirmation candle—like a bullish engulfing or hammer—near the support before entering long positions.

Long-Term Investors: This correction may offer a healthy buy-on-dip opportunity, particularly in stocks with strong fundamentals in auto, capital goods, and FMCG sectors.

💬 Conclusion:
The Sensex declined nearly 0.60% due to earnings pressure from major financials and global uncertainty impacting IT and large-cap stocks. While the market sentiment remains weak in the short term, the long-term uptrend is still intact. Key support around ₹82,300 will determine the near-term direction. If held, a rebound may follow next week, especially if major earnings turn out better than expected.