SENSEX levels for 07 August 2023
Tomorrow SENSEX is most likely to give a Gap-Up opening. On the upside, 65937 is a strong resistance (look at a higher timeframe, i.e., 4 hours). Also, that is the fibo-0.369 level. SENSEX has to break this level and sustain itself to continue going up.
But, once SENSEX reaches this level, we may see a pullback to the 65680, or even 65550 level, before moving up. We need to keep observing SENSEX's behaviour at these levels. A probable movement is marked on the chart.
Note: This is just a personal opinion and a trade advisory. Do your own analysis before initiating trade.
But, once SENSEX reaches this level, we may see a pullback to the 65680, or even 65550 level, before moving up. We need to keep observing SENSEX's behaviour at these levels. A probable movement is marked on the chart.
Note: This is just a personal opinion and a trade advisory. Do your own analysis before initiating trade.
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