Sensex Expiry special Analysis || Hero Zero Trading DayGood Morning Everyone,
Guy's we have seen consolidation in entire day, Earlier i was thinking Nifty will break above 19450 levels and sustains, but nifty did not worked accordingly, and Sensex also closed 140 points down. If i talk about today's Global market view, then seems pressure in market, all global market is showing mix to negative cues. Our Gift Nifty is also ready to open on Gap Down. Let's see we will work according to levels. Today is sensex expiry day of sensex.
Important Levels for Sensex:-
Intraday Support zone 64400
Intraday Resistance zone 65000
Buy above 64994, if levels sustains at least for 30 Mints.
Targets we can see in upside 65126/65311
Keep stop loss at 64730
Sale below 64730, if levels sustains at least for 30 Mints.
Targets we can see in downside 64552/64334
Keep stop loss at 64994
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Sensexshort
SENSEX can get sell off upto 2-3% more? BE CAUTIOUS !!!!!!considering my demand zone from 61250 - 62000
and recent resistance from 67620 - 66850
price has been forming lower high and lower low
can continously decline
on aug 24 price tried to break free above previous lower high of 16 Aug
but failed and resulted into a breakout failed
the yellow then indicates the descending selling pressure area
from demand zone to supply zone as marked i use fib retracement
and found out there is probablitiy of 350-1900 pts downside
this downside will be consider if no previous lower highs are breached and price continue to make lower lows
white dotted lines are the support area confluncing the fib ratios
63250 - 62750 zone where price will start getting some pullback from buyer side as we see a liquidity zone or previous sideways area 62750 - 62000 are the zone where price has not mitigated and theyre open zone for the retest on higher time frame
will be updating on same post about further movements
Last call for the fall of Sensex?60652 resistance level can hold this down long term. Could ladder up to 61319 final hold level or 60862 could be the final low . This could be the beginning of bear market for Sensex if it breaks the 52804 support level . We might fall more than 20% or even more within 4 to 5 months depending on the volatility of the trader's decision or news spoiling their emotion towards a recession or even 41702 level possible?. If we can gain 60652 level, we might be somewhat safe.