Advanced Trading part 2Advanced trading strategies usually involve multiple technical indicators and more complicated instruments, such as options and futures.
Technica
Sensex index Sensex index :-
As of April 28, 2025, the BSE Sensex is exhibiting a neutral to slightly bearish short-term trend. Technical indicators suggest that the index is trading within a defined range, with key support and resistance levels to watch for intraday trading.
📉 Support Levels
Immediate Support: Approximately 75,847
Secondary Support: Around 75,555
Tertiary Support: Near 75,096
These levels are derived from pivot point calculations based on the previous day's trading range. A breach below these supports could indicate further downside potential.
📈 Resistance Levels
Immediate Resistance: Approximately 77,349
Secondary Resistance: Around 77,057
Tertiary Resistance: Near 76,765
These resistance levels are also based on pivot point analysis. A breakout above these levels could signal a potential upward movement.
🔄 Market Sentiment
The current market sentiment is influenced by a reversal formation and a shooting star candlestick pattern observed in recent trading sessions. This indicates indecision among traders, with potential for both upward and downward movements.
