Sensex Support & Resistance

As of December 28, 2024, the S&P BSE Sensex closed at 78,723.97, marking an increase of 251.49 points (0.32%) from the previous close.
INVESTING

For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:

Resistance Levels:

R1: 78,851.64
R2: 78,919.22
R3: 78,969.83
Support Levels:

S1: 78,733.45
S2: 78,682.84
S3: 78,615.26
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.


Additionally, technical indicators provide further insights:

Relative Strength Index (RSI): 49.395 (Neutral)
Stochastic Oscillator (STOCH): 99.69 (Overbought)
Moving Averages:
MA5: 78,798.58 (Simple), 78,765.87 (Exponential)
MA10: 78,720.44 (Simple), 78,742.36 (Exponential)
MA20: 78,665.66 (Simple), 78,709.36 (Exponential)
MA50: 79,003.86 (Simple), 79,157.16 (Exponential)
These indicators suggest a neutral to slightly bullish trend in the short term.

Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.