#Sensex directions and levels for the second week of January:
Sensex
Sensex mirrors Nifty’s structure, so we can follow the same sentiment for Sensex.
Current View:
If the week starts negatively, Sensex could reach a minimum of 78,090. After that:
* If it consolidates or breaks below this level, the correction is likely to continue.
* Conversely, if it holds above 78,090, it could turn into a range-bound market between the previous high and 78,090.
Alternate View:
If the market finds support around 78,797 and breaks the previous high, it could reach 80,501–87,300. The 87,900 level is a significant resistance, and the rally will continue only if it breaks this level. Otherwise, the market could remain range-bound.
Sensex mirrors Nifty’s structure, so we can follow the same sentiment for Sensex.
Current View:
If the week starts negatively, Sensex could reach a minimum of 78,090. After that:
* If it consolidates or breaks below this level, the correction is likely to continue.
* Conversely, if it holds above 78,090, it could turn into a range-bound market between the previous high and 78,090.
Alternate View:
If the market finds support around 78,797 and breaks the previous high, it could reach 80,501–87,300. The 87,900 level is a significant resistance, and the rally will continue only if it breaks this level. Otherwise, the market could remain range-bound.
Aviso legal
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