SENSEX Support & Resistance for the day The Sensex (or BSE SENSEX) is the benchmark stock market index of the Bombay Stock Exchange (BSE), representing the performance of the top 30 companies listed on the exchange. Since it includes large-cap stocks across sectors, it reflects the broader market sentiment and can be an important barometer for the Indian stock market.
Support Levels:
₹60,000 - ₹61,000 (Strong Support Zone):
If the Sensex has recently bounced off this level, this could be a strong support range. A break below this level might signal further downside to the next support area.
₹58,000 (Psychological Support Level):
Round numbers like ₹58,000 are often key levels where the market may find support. If Sensex starts to dip towards ₹58,000, buying pressure from investors can drive the index higher.
₹56,000 - ₹57,000 (Previous Low / Support Zone):
If the Sensex had previously reversed direction around this level, it may serve as a significant support zone. A failure to hold above this range could lead to a larger correction.
Resistance Levels:
₹63,000 - ₹64,000 (Recent Highs / Strong Resistance):
If Sensex has tested ₹63,000 or ₹64,000 multiple times without sustaining above it, this would be a strong resistance level. A breakout above this level with strong volume could signal continued bullishness.
₹65,000 (Psychological Resistance):
As a round number, ₹65,000 is a significant level for traders and investors. If the Sensex approaches this level and faces resistance, it might pull back or consolidate before attempting another rally.
₹67,000 (Key Resistance Zone):
This level might represent a long-term resistance zone. If the Sensex has previously reached this level and failed to break through, it could act as an important resistance point in the future.
